FOGASA Wage Guarantee: Who Qualifies and What You Get
If your employer is insolvent or bankrupt, this scheme ensures you receive unpaid wages and severance pay up to a set legal limit.
This scheme provides financial protection to workers when their employer is unable to pay what they are owed due to bankruptcy or insolvency.
Who it's for
This is for employees whose companies have become insolvent or have entered bankruptcy proceedings.
What you get
You can receive payment for unpaid wages and severance pay. This coverage is provided up to a specific legal limit.
What it costs you
There is no direct fee to access this protection, but it requires you to provide formal proof of the debt. You will likely need to show documentation from court proceedings or official insolvency filings to prove the company owes you money.
The catch to know
The most important thing to remember is that there is a strict cap on the total amount of money you can recover. You will not receive the full amount if your unpaid wages and severance exceed the legal limit set by the government.
How to apply
- Gather all documents proving your employment and the unpaid debt.
- Obtain official proof of the company's insolvency or bankruptcy through the appropriate legal channels.
- Submit your claim and supporting evidence to the relevant government body.
- Follow up on the status of your claim through official channels.