Director Redundancy - Too good to be true?

[Dennis Taylor]

I spotted this site and wondered if anyone has any experience of this? Redundancy Claim - http://www.redundancyclaim.co.uk/
Almost looks too good to be true.

 

[FatAlan]

I'm no expert but if a company has gone into liquidation it usually means that it's run out of money. An insolvency service practioner would then get appointed to wind up the company and realise any assets that were left and distribute to creditors. Being a cynical fraud investigator, it's usually the company directors themselves that strip out what they can get prior to the company going bust. I'd look at how much this outfit are charging for their service but would guess that they would be taking a fat commission on anything they can get. I believe the tax man usually gets first dibs on any realisable assets. General rule...you don't get anything for nothing and if it sound too good to be true it usually is.

 

[FatAlan]

Further to the above. Go to www.gov.uk/claim-redundancy
Looks like there is a set process that you can follow. Likely that the company you refer to is piggy backing a process you could manage yourself for a small fee much like the PPI companies. You'll need to dig further to find out.