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Fri, 25 May 2012

HMRC owes me money!

Apparently some classes of creditor are treated differently from others when a football club goes bust, in unique and special footbally ways, and HMRC don't like that. They argued before a judge that "the most fundamental principle of insolvency law is that creditors share equally in a loss". That's odd, because 11 years ago this month when my employer went bust, HMRC were the first creditor to get paid, followed by (if anything was left) other businesses, with employees last. Naturally, I didn't get a penny of the £5000 that I'm owed - that's the month's salary in lieu of notice of the end of my employment, as laid out in my contract, plus two weeks salary not paid for time that I worked, plus a week's paid holiday I was entitled to. It seems that HMRC now think that's terribly unfair. I guess I need to send them an invoice. There were about 20 employees, plus maybe 10 corporate creditors, plus HMRC, so I estimate that I'm entitled to one part in thirty one of the company's assets, up to a maximum of £5000. Of course, HMRC have had my share of that for 11 years, so I need to also charge them interest.

Posted at 22:58 by David Cantrell
keywords: bastards | rant
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