A company several friends work for is going in to liquidation, suddenly. This is something that’s happened to me previously. I’m keen to help friends avoid the situation I was in, which was naively thinking I’d get any money I was owed. Employees are being asked to return laptops - one friend is not complying and another is thinking of giving it back. I’m saying not to. Anyone know what the legal position is here?
Can he refuse until he has been paid for the month in hand plus notice plus holiday?
I always regretted not walking out with my Mac under my arm when this happened to me.
Fundamentally, it's that you can't take the law into your own hands. Seizing somebody's property because they owe you money is the end point of a court process, not a thing you just do because you feel like it.
Maybe they don't flat out refuse but just drag their heels a bit?
'Of course, fully intending to bring it back. Just had some job hunting suddenly take priority so I'll get it back ASAP. How's the final paycheque coming along?'
Probably theft. The administrators may take steps to try and recover the company's property as legally they will be seeking to maximise the returns to the creditors.
A company several friends work for is going in to liquidation, suddenly. This is something that’s happened to me previously. I’m keen to help friends avoid the situation I was in, which was naively thinking I’d get any money I was owed. Employees are being asked to return laptops - one friend is not complying and another is thinking of giving it back. I’m saying not to. Anyone know what the legal position is here?
Can he refuse until he has been paid for the month in hand plus notice plus holiday?
I always regretted not walking out with my Mac under my arm when this happened to me.