Bankruptcy
Bankruptcy (Konkurs)
If your employer does not have the money to pay your wages or other expenses, then he can file a petition for suspension of payments.
Suspension of payments
If your employer does not have the money to pay your wages or other expenses, then he can file a petition for suspension of payments.
If this happens then you must contact your local 3F branch immediately and ask them to ensure that there is money to pay your wages and find out how you should otherwise tackle the situation.
Bankruptcy
Bankruptcy is the permanent closing-down of a company due to the fact that it no longer can pay its debts.
If your employer goes bankrupt, then you should go to your local 3F branch immediately. They will help you to get your wages, and if necessary put in a claim for wages with the Employees' Guarantee Fund (LG).
Employees' Guarantee Fund
The Employees' Guarantee Fund (LG) ensures that you get your wages if your Danish employer goes bankrupt or in some way ceases operations without being able to pay your wages. Your local 3F branch will put in the claim with the Employees' Guarantee Fund for you.