Made redundant and owed $50K by the company

[Sinjun]

Hello;

I was made redundant in January.

The company had not paid me since October, and owe me, including lieu and outstanding holiday, $50K.

The company has < 5 employees, is cash strapped and unable to pay many of its bills, including other current and past employees.

What should I do?, am I able to claim through fairwork? Does the company need to be made insolvement?

thankyou

-SJ

 

[Rod]

See a lawyer, or make a report to the FW Ombudsman.

Advantage of Ombudsman - Free
Disadvantage - if it does act against your employer its actions might be enough to push it into administration/liquidation.

 

[Sinjun]

Thanks Rod;

I am figuring the only way I will see this money is IF the company is put into administration, then I am able to claim unpaid salary through the Fair entitlements guarantee.

I am wondering how long it takes for the liquidation to occur if fairwork get involved, since I see there is a 6 month time frame for FEG to be lodged.

many thanks

SJ

 

[Rod]

Can take years.

Suggest sending a demand letter detailing what is owed so your claim is at least on record.