What is “insolvency”?

Insolvency occurs when one of the following reasons for insolvency applies: Your employer/company

• can no longer pay your wages and those of your colleagues
• no longer meet the payment obligations due (e.g. wages),
• is at risk of insolvency,
• has run up debts

If your employer files for insolvency, they will also let you know. In most cases, the provisional insolvency administrator will come to the company and inform everyone about the insolvency application. If your employer does not pay your wages, does not pay them on time or does not pay them in full, this is an indication of possible insolvency. You must claim your missing wages in writing (e-mail) from your employer. 

If your employer has not paid two months' wages, you can request payment in writing with a deadline and announce that you will no longer come to work if you do not get paid.

If your employer has not paid you three months' wages even though you have already given them a warning, you can resign without notice and immediately register as unemployed with the employment agency. This is a reason for extraordinary termination. But you should definitely seek advice from your Fair Integration advice centre beforehand!