If you have lost your job, you can file a claim in the liquidation if you are owed any salary, wages, holiday pay or redundancy.
Your claim may be considered preferential, which means you will be paid out before the unsecured creditors if there are funds available.
When the liquidation is complete, the company is removed from the Companies Office Register.
Directors are also required to help the liquidator locate the business records and assets, and to answer any questions about the company and its business.
They can claim as an unsecured creditor for any shortfall.The liquidator will decide if the business should continue trading so it can be sold as a going concern.