Bankruptcy

• Your employer must first formally terminate your employment. In principle, your employment contract ends when the notice period that applies to the employer has expired.
• Your notice period starts on the day that you have received written notice of termination from your employer (an employer may only terminate for business economic reasons after permission from the UWV) and ends at the end of a month (if no other written agreement has been made about period of notice). Example with 1 month's notice period: if your employer gives notice of termination on September 15, you will leave employment on November 1;
• If you sign a settlement agreement, there is no termination. But the notice period is important before the start of your unemployment benefit. The date of signing the settlement agreement serves as the start date of your notice period. So using the example above, you must sign the settlement agreement in September and agree that you will leave employment on November 1. As of November 1, you will then be entitled to unemployment benefits (provided you meet all the conditions). So be careful that you only make or sign a commitment if you know what consequences it will have for you. Have you received a settlement agreement from your employer? Please have this legally checked before responding. De Unie can help you with this.

In case of bankruptcy, the UWV will pay your wages until the end of your notice period. A bankruptcy payment is only applicable in the event of bankruptcy or inability to pay of the employer.