<prompt> Human: Hi,the company i work for has gone into administration, ive looked it up but i still dont really understand what effect this has on me, im still expected to come to work, although yesterday was pay day and he tells us its been delayed until tuesday. Can someone do an ELI5 for me on my rights and options please?  <response>: Not entirely sure how it works in the UK, but generally it means they are either looking for a buyer or will shut the doors. Cash flow has stopped so its done. Basically they find a buyer by next week or its done. If there is a buyer, all of your current companies assets and obligations will be transferred including employment contracts and you will have a new employer.Normally if I were to stop getting paid, I just wouldnt even show up to work, but I think asking until Tuesday isnt too much to ask though I probably wouldnt be all that productive and I would be using the time to just get my butt in the seat and be preparing my own CV on that time.Basically, it could be mean you get some new upper management or you are out of a job by next week. I would look up what you have to do to get unemployment benefits should it be necessary. Also if Tuesday comes and they extend it to Friday or whatever, go claim the unemployment benefits and stop going in, they are no longer honoring your contract and you are therefore not employed. 