The wage guarantee scheme

  • self-employed people and people who work on commission
  • shareholders who own at least 20 per cent of the shares in the company, unless the person in question can substantiate that he or she has not had controlling influence over the operations.
  • Wages and other employee pay for a maximum of 6 months.
  • The pay claim must not have a due date dating back more than 12 months before the day the petition for bankruptcy was received by the District Court (the date of filing). This time limit is absolute.
  • Holiday pay accrued in the same year as the date of filing and the year before.
  • Pension benefits for a maximum of six months.
  • Compensation for lost employee pay for a maximum of 6 months.
  • Interest up to the date of filing for outstanding pay claims and collection costs.
  • Reasonable costs linked to filing a petition for bankruptcy.