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Covid-19 sparks concerns over redundancy payouts

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Tens of thousands of people may struggle to claim redundancy payments because of significant issues with the liquidation process due to the coronavirus restrictions. (Stock photo)

Tens of thousands of people may struggle to claim redundancy payments because of significant issues with the liquidation process due to the coronavirus restrictions. (Stock photo)

Tens of thousands of people may struggle to claim redundancy payments because of significant issues with the liquidation process due to the coronavirus restrictions. (Stock photo)

Tens of thousands of people may struggle to claim redundancy payments because of significant issues with the liquidation process due to the coronavirus restrictions.

In recent days, the Irish Society of Insolvency Practitioners (ISIP) wrote to members to outline concerns about a range of statutory insolvency issues such as creditors' meetings.

The council of the ISIP said it would "strongly urge its members not to schedule such meetings unless there is an urgent need to do so".