What happens if your employer is insolvent i.e. goes bankrupt or 'bust'?
If this is the case, your redundancy payment will be made directly from the National Insurance Fund.
It will then be claimed back from the assets of your employers business.
If your employer is in liquidation, you will need to ask the liquidators or receivers of the company for a form RP1 which you should complete and return to your local Redundancy Payments office.
Request redundancy advice today or visit our Money Shop and choose your own guidance.