ILR and Insolvency

smiles345 · Post by **smiles345** » Sat May 02, 2009 10:49 pm

my friend who work in the private health care group going to administration on May. he is due to obtain his ILR in August. do any experts in the forum please guide .

do they [Bank Administrators] would cancel the all exisiting WP holders?

do they need to inform the HO regarding the changes? my friend have a employment contract. do you guys think that the admintrators will abolish all the existing contracts?

will it effect his ILR in August? Kind replies will be highly appreciated

thanks in advance

smiles345 · Post by **smiles345** » Mon May 04, 2009 10:23 am

can any experts please reply?

smiles345 · Post by **smiles345** » Tue May 05, 2009 10:37 am

please can somebody help me with my question...

OFCHARITY · Post by **OFCHARITY** » Tue May 05, 2009 10:46 am

It maybe a good idea for your friend to speak to someone from his HR department. They may have more information or as to whether the staff will be kept on and for how long, while the Administrators decide on the future of the company.

smiles345 · Post by **smiles345** » Tue May 05, 2009 1:30 pm

many thanks offcharity. i just wondering anyone had similar experiance before. i mean, any companies went to administration?

thanks in advance

inputsOnHSMP · Post by **inputsOnHSMP** » Tue May 05, 2009 1:58 pm

going into administration can mean a lot of things. if the company is totally bankrupt and cannot be saved at all, then all employees will be made redundant though there will be some payments( depending upon how much could be obtained from sale of company assets). Employees are considered preferred creditors under such situations and they can get holdays, due wages and notice period pay proportionately.
if the company can be salvaged, there is still a high probability that certian employees will be made redundant. Now who is made redundant will depend on the needs of the restructured company.

I hope this helps but the best thing is to start looking for a new job.

smiles345 · Post by **smiles345** » Tue May 05, 2009 4:08 pm

inputsonHSMP , thanks for your inputs. he is due to ILR on august 2009, finding another employment can be very difficult.

OFCHARITY · Post by **OFCHARITY** » Tue May 05, 2009 6:10 pm

Does he qualify for a tier1 visa? I know it is tough finding a new job especially one that will offer a workpermit but having a plan B is a sensible option, hopefully he will still be in his current job till August, but he should also try and explore other options.

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ILR and Insolvency

ILR and Insolvency