Employees in the UK have a portion of their wages/backpay protected from an employer going bankrupt[0]: redundancy pay, 8 weeks wages, 6 weeks pay in lieu of ho

Employees in the UK have a portion of their wages/backpay protected from an employer going bankrupt[0]: redundancy pay, 8 weeks wages, 6 weeks pay in lieu of holiday, and up to 12 weeks for long service, at a maximum of £400 a week, minus tax. In addition, directors of a company which continues to trade once it becomes insolvent become personally, unlimitedly liable for the debt incurred while continuing to trade[1]. [0] http://www.direct.gov.uk/en/Employment/Employees/Pay/DG_10026695 http://www.direct.gov.uk/en/Employment/Employees/Pay/DG_1002... [1] http://en.wikipedia.org/wiki/Trading_while_insolvent http://en.wikipedia.org/wiki/Trading_while_insolvent