Once insolvency proceedings are declared in respect of an employer, the management of the employer is thereafter carried out by the insolvency administrator (hereinafter – administrator). Accordingly, if the employer has not paid wages to a current or former employee, the employee must submit a creditor’s claim to the administrator within the time limits specified in the Insolvency Law (namely, within one month from the date on which an entry on the declaration of the employer’s insolvency…
Once insolvency proceedings are declared in respect of an employer, the management of the employer is thereafter carried out by the insolvency administrator (hereinafter – administrator). Accordingly, if the employer has not paid wages to a current or former employee, the employee must submit a creditor’s claim to the administrator within the time limits specified in the Insolvency Law (namely, within one month from the date on which an entry on the declaration of the employer’s insolvency proceedings is made in the Insolvency Register; if the one-month time limit is missed, the creditor may submit the claim within a period not exceeding six months and no later than until the preparation of the creditors’ claims satisfaction plan). After…
