| Updating author: Darren
Newman
On this page:
Summary
Future
developments
Key
references
Questions and
answers
The Insolvency Act
1986
Meaning of
'insolvency'
Recovery of
remuneration
Procedure for claiming debt
from an insolvent employer
Unpaid
contributions to a pension scheme
Complaints
Summary
3.727
- Under the Insolvency Act 1986, any remuneration owed to an employee during
the four months preceding an employer's insolvency is a preferential debt,
taking preference over claims by other creditors. However, the maximum amount of
that preferential debt is £800.
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