Umbrella goes bust taking my money with it

[GreenMirror]

Being an employee makes you a preferential creditor - that puts you above shareholders and unsecured creditors, but below secured creditors in the pecking order.

Budget 2018: HMRC returns to preferred creditor list | Accountancy Daily

So at the moment HMRC is an unsecured creditor. As from Apr 2020, they become a preferred creditor.

[Alchemy Accountancy]

Budget 2018: HMRC returns to preferred creditor list | Accountancy Daily

So at the moment HMRC is an unsecured creditor. As from Apr 2020, they become a preferred creditor.

That is correct – however, HMRC and the employees of the umbrella are two separate parties with the employees being classed as preferential creditors at the moment.

[McTrucky]

Are you talking about Crystal Umbrella or Atlantic Umbrella?

If so there is a thread running already if that's any help.
https://www.contractoruk.com/forums/...gone-bust.html

Yes. Thanks for the link.

[Old Greg]

Bollox. Sorry to hear this, and sorry I can't help.