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Voluntary Liquidation

Voluntary liquidation is the process by which all of a company’s assets are dissolved, in order to pay off employees in accordance with redundancy law and closing the business down. This ‘chosen’ form of liquidation is usually only considered when all other possible options have been exhausted. This has been seen recently during the recent [...]

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Tips for life after redundancy

Life after redundancy   Redundancy is one of the most demanding of life’s events. But tough as it may seem, positives can be taken from the situation. Although you didn’t choose it, you now have a chance to re-evaluate your profession goals and take on new challenges.If you discover out you are being made redundant, [...]

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How to manage redundancies and employees

Redundancies the name itself sends shivers down the spine for both the employer as well as employees. Staff redundancy is normally on the basis of, where the workforce is to be reduced, on a last come first go basis. Staff redundancy situations can arise also when a fixed term employment contracts end and are not [...]

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Redundancy: The only solution for your organisation’s financial crisis?

Some reports suggest that the downtrodden economic climate is embarking on a new horizon, the future is looking brighter than it has been for UK businesses,  however the immediate prospects are challenging. In this context where businesses are struggling to justify expenditure on their balance sheets, they may look at the staffing budget as an opportunity [...]

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Redundancy Cover: Is It Worth The Cost?

Article by Shourya Ray Chaudhuri In the last few years, we have seen a staggering number of people losing their jobs. Just in 2009, the jobless count has reached 2 million and the numbers keep on rising. On top of that, rising costs of mortgage, gas and other utilities have risen up. Stress levels are [...]

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I’ve been made redundant, will I lose my house?

Article by Neondrum June 10th 2011 – ‘Will I lose my house?’ is the biggest single question people ask Payplan’s helpline after they’ve been made redundant. The free debt advice and solutions company helps over 100,000 people every year and while losing a job is a terrifying experience, Payplan says it doesn’t mean you’re automatically [...]

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