Typically, when a decision is made to take steps in placing a company into liquidation, the company will cease trading immediately.  We will then assist you in dismissing your employees and informing them of their statutory rights.  Any claims employees may have for arrears of wages, holiday pay, compensatory payment in lieu of notice and statutory redundancy will be administered by the Redundancy Payments Service and we will guide the employees on how to lodge claims.  Any claims over an above the statutory limits will rank as a creditor claim in the liquidation.