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Administration & Buyout

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BabeRuthless Fri 11-Jan-13 09:34:35

Wonder if anyone might know the answer to this. It hasn't happened yet but I'm trying to plan for every scenario. If the company I worked for went into administration and then found a buyer, would we automatically come out of administration? If the buyer decided to close my branch would I be entitled to redundancy? I've been there over 10 years so we're talking a fair amount of money. Could they just buy certain parts of the business & leave us without anything? Wondering whether its better to cut my losses & start looking for something else now.

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