I was a plant manager for a commercial printing plant. Unfortunately insolvency are one of the most abused processes to the employees. Myself and my employees lost all our vacation pay $45,000 the insolvency administrator told me he Has immunity and can do what ever he wants!! And he was right the labor board closed the case on my employees because the insolvency company was involved and they would pay us? However that never happened! I guess I have a bad taste in my mouth for this process since I investigated this I found out the industry got immunity for itself and abuses The employees quite often since I met several other people that had the same thing happened to them the corporations take care of themselves not the employees!
Hi Stevens, I'm so sorry to hear this happened to you. Are you in Australia? If so, are you able to make a claim with the Federal Government's Fair Entitlements Guarantee (FEG) scheme? www.ag.gov.au/industrial-relations/fair-entitlements-guarantee-feg
Hey this was really helpful! Law student here writing essays and needed the definitions broken down for me . Thank you
Glad it was helpful! All the best with your law studies.
Thanks that’s very helpful
This is really useful video. I am student who is eager to start my career in solvency. Thank you so much ☺☺
Good video which explains very clearly thank you
Glad it's helpful Paul!
Thank you for your explanation very helpful!
Thanks & glad it was helpful!
Hello, I just wanted to know the risk involved as a insolvency specialist and how to be complaint.
Can you talk about DOCA?
Hello what will happen to the refund's tuition fee of offshore applicants if their school provider is closed? what is the process? thank you so much
Australia is like Kenya. We refer to Bankruptcy for individuals only and not companies
if no rescue is feasible it may result in liquidation of company
Thank you so much for this
I was a plant manager for a commercial printing plant. Unfortunately insolvency are one of the most abused processes to the employees.
Myself and my employees lost all our vacation pay $45,000 the insolvency administrator told me he Has immunity and can do what ever he wants!! And he was right the labor board closed the case on my employees because the insolvency company was involved and they would pay us? However that never happened! I guess I have a bad taste in my mouth for this process since I investigated this I found out the industry got immunity for itself and abuses The employees quite often since I met several other people that had the same thing happened to them the corporations take care of themselves not the employees!
Hi Stevens, I'm so sorry to hear this happened to you. Are you in Australia? If so, are you able to make a claim with the Federal Government's Fair Entitlements Guarantee (FEG) scheme? www.ag.gov.au/industrial-relations/fair-entitlements-guarantee-feg
because nothing can be salvaged from their business they may face liquidation
My name is jeff