Labour, Benefit, and Pension Issues

Abstract

The insolvency of a business is a situation in which losses need to be distributed amongst creditors and stakeholders. While the possibility and probability of an insolvency is calculated and covered by some creditors, other creditors are hit harder by suffering a write-off on their claims in the course of an insolvency process. The latter is especially true for employees and pensioners depending on the solvency of their (former) employer. Their limited capacity to suffer losses has prompted a special treatment of these stakeholders and, therefore, requires a specific analysis.