Please tell me about the procedure for applying for the Corporate Insolvency Wage Guarantee.
Hello.
I was employed at a startup for approximately 37 months, and due to the company's circumstances, all employees were laid off in June 2023.
At the time of the layoff, there were no funds in the company, so all employees did not receive severance pay.
Also, the startup CEO stated that they would maintain the corporation even if it was just them, generate some profit, and pay the severance pay later. However, about half a year later, I was notified that they had to apply for bankruptcy and that it was in progress.
Due to the relationship I've had with the startup, I haven't filed a complaint with the Labor Department regarding unpaid wages,,
To receive the severance pay I didn't receive, what procedures do I need to go through to apply for the Corporate Insolvency Wage Guarantee?
Do I need to apply for unpaid wages first, then apply for the Corporate Insolvency Wage Guarantee?
Or, is it enough to just apply for the Corporate Insolvency Wage Guarantee after the bankruptcy is complete?
(This startup was maintained for 4 years from approximately November 2019 to November 2023, and the maximum number of full-time employees was 6.)
-----Timeline-----
1. Late April 2023: CEO says he only has the resources to pay wages until May, and announces that employees should work without pay until the company normalizes / set their departure dates after May and resign.
2. May 31, 2023: All employees are laid off (severance pay not paid - after which the CEO alone maintains the corporation to generate profits and repay within 6 months)
3. November 21, 2023: Notice of bankruptcy application by the representative
I would appreciate a good answer.
Comments0