Michael Ring
Question:91 Deputy Michael Ring asked the Tánaiste and Minister for Enterprise, Trade and Employment when a person (details supplied) in County Mayo will receive payment under the insolvency payment scheme. [46810/09]
View answerTuesday, 15 December 2009
Questions (79)
Written answers
I can confirm to the Deputy that my Department received an application under the Insolvency Payments Scheme on 27 November 2009 for Arrears of Wages, Holiday Pay and Minimum Notice on behalf of the person concerned and some former employees of this company. The impact on business of the severe economic circumstances currently pertaining has resulted in a significant rise in the level of company receiverships and insolvencies. Consequently, an increasing number of claims are being submitted to the Insolvency Payments Section, with 20,227 new claims lodged up to the end of November this year — an 84% increase over the corresponding period in 2008. My officials endeavour to process all claims as quickly as possible and claims are dealt with in order of date of receipt. Current processing times indicate that the individual's claim should be paid by early March, however my Department is constantly endeavouring to achieve earlier completion and payment dates.