Unpaid Wage Payment Guarantee: Who Qualifies and What You Get

This scheme provides financial support to workers who are owed wages but cannot be paid because their employer has gone bankrupt.

👤Who it's for

This scheme is designed specifically for workers who find themselves in a difficult financial position because their employer is unable to meet its payroll obligations. To qualify, you must be an employee whose company has officially gone bankrupt. This is intended to provide a safety net for those whose livelihood is directly impacted by the insolvency of their employer.

🎁What you get

If you meet the eligibility requirements, the government provides a mechanism to help you recover your lost income. Specifically, the government pays 80% of the unpaid wages that were owed to you by the bankrupt company. This is meant to help bridge the financial gap caused by the sudden loss of your primary source of income.

💰What it costs you

While there is no direct fee to apply for this support, there is a requirement to provide specific documentation to prove your claim. You will need to provide official proof of the company's bankruptcy issued by the court. You must also be able to demonstrate the exact amount of the wages that remain unpaid to ensure the calculation of your benefit is accurate.

⚠️The catch to know

The most important thing to understand is the limit on the payout. This scheme does not cover 100% of the owed amount. Because it only covers 80% of your unpaid wages, you should be prepared for the fact that there will be a remaining portion of your wages that is not covered by this specific guarantee.

📝How to apply

1. Obtain official documentation from the court that proves your company has gone bankrupt.
2. Gather all relevant records regarding your unpaid wages to show exactly what is owed.
3. Contact the Labor Standards Inspection Office to discuss your specific situation and the application process.
4. Submit your evidence to the office for review.