Employer Filed Bankruptcy, owes me salary, will I get it ?
Hi There,
My employer informed my yesterday that they have filed for bankruptcy and unable to pay my due salary for 1 and half months !
I would like to get some advise how to proceed further and will I be able to recover my earned money ?
Thanks for your time,
Amit
Answers (1)
Depends on the bankruptcy
Your wages are priority claims, but in some bankruptcy proceedings no one gets anything. I would need to know more about it. The bankruptcy papers are public, and you can look them up, or a lawyer can, and get some idea of the employer's situation. You can and should file a proof of claim for everything you are owed, and then take steps to protect yourself. You may find that the employer has not been paying your health insurance premiums, for example, so you want to check out such things. Best of luck. Mary Keating
posted by Mary T. Keating | Mar 2, 2005 09:31 AM [EST]
Your wages are priority claims, but in some bankruptcy proceedings no one gets anything. I would need to know more about it. The bankruptcy papers are public, and you can look them up, or a lawyer can, and get some idea of the employer's situation. You can and should file a proof of claim for everything you are owed, and then take steps to protect yourself. You may find that the employer has not been paying your health insurance premiums, for example, so you want to check out such things. Best of luck. Mary Keating
posted by Mary T. Keating | Mar 2, 2005 09:31 AM [EST]
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