Pursuant to your query, y'all are entitled for goal of service benefits which includes gratuity, larn out salary as well as other entitlements fifty-fifty though your companionship is declared bankrupt. This is inward accordance to Article 713(1) of Federal Law No. xviii of 1993 related to Commercial Transactions Law of the UAE, which states: "After obtaining the permission from the approximate of bankruptcy, the trustee inward bankruptcy, 10 10 days from the adjudication of bankruptcy has been issued, may pay the reward as well as salaries of the workers as well as employees that autumn due earlier the adjudication of bankruptcy has been issued, for a menstruum of xxx days, from the coin of the bankruptcy held at his disposal, regardless of whatsoever other debt. However, if the trustee of the bankruptcy has no sufficient coin for payment of such debts, the outset coin that comes into the bankruptcy shall locomote used for payment, regardless of whatsoever other debts that bring priority inward the listing of liens."
Further, the coin payable to the employee or his beneficiaries shall cash inward one's chips priority for payment on employer's movable or immovable properties. This is inward accordance alongside Article iv of the Federal Law No. 8 of 1980 regulating Employment Relations inward the UAE (the 'Employment Law'). It states: "Any amounts of coin payable to an employee or his beneficiaries nether this Law shall establish a outset accuse on all the employer's movable as well as immovable belongings as well as shall locomote paid forthwith afterwards whatsoever legal expenses, sums due to Earth treasury as well as sharia's alimony awarded nether Islamic police pull to the married adult woman as well as children."
Based on the aforementioned provisions of laws as well as considering the tenure of your occupation service, your employer is obliged to pay y'all the severance pay equally seat downwards inward Article 132 of the Employment Law, which states: "An employee who has completed a menstruum of i or to a greater extent than years of continuous service shall locomote entitled to severance pay on the final result of his employment. The days of absence from operate without pay shall non locomote included inward calculating the menstruum of service. The severance pay shall locomote calculated equally follows:
> 21 days' remuneration of each yr of the outset v years of service
> xxx days remuneration of each additional yr of service provided that the aggregate amount of severance pay shall non occur two year's remuneration"
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