entitlements for director of limited company

[tradesman]

Hi
I was just wondering if anyone knew what entitlements there was for someone who was a director of a compnay that has recently folded.

Thanks in advanced

 

[JQ2002]

If you had a shareholding in the Company greater than 15%, you will be entitled to nothing in respect of unpaid wages, holiday pay etc, minimum notice and redundnacy.

If your PRSI class was S (which I assume it was) you will be entitled to very little from the state, as follows;

Widow's or Widower's (Contributory) Pension
Guardian's Payment (Contributory)
State Pension (Contributory)
Maternity Benefit
Adoptive Benefit
Bereavement Grant

Unforunately, you will not be entitled to claim the dole as result of your Company folding.

 

[Welfarite]

Certainly, if your company has folded, and if you are looking for and available for work, you CAN claim the dole (Jobseeker's Allowance). This will be means-tested.

 

[JQ2002]

In respect of a Proprietary Director, is there not a period of time that must lapse before a Director can apply to the state for assistance?

I.e can he apply for state assistance immediately upon the liquidation of his Company?

 

[Welfarite]

In respect of a Proprietary Director, is there not a period of time that must lapse before a Director can apply to the state for assistance?

I.e can he apply for state assistance immediately upon the liquidation of his Company?

Yes