If my current employer goes bankrupt, or closes the company, will I still be able to receive a settl

If my current employer goes bankrupt, or closes the company while I still haven’t settle my worker’s compensation case, will I still be able to receive a settlement, or will I loose all benefits?

I’m still receiving a check, but I’m not sure, if the company does closes, or goes bankrupt, before I get my final settlement will I lose, the settlement, or would I be able to get something?

1 answer  |  asked Aug 25, 2009 12:17 PM [EST]  |  applies to Illinois

Answers (1)

John Otto
Although I don't know your specific situation, most companies in Illinois carry workers' compensation insurance. If you're receiving a check that is probably true in your situation. If the employer goes out of business or goes bankrupt, the workers' compensation insurance company should continue to pay you benefits and make a settlement. If you don't have an attorney, you really should get one to maximize your settlement. If you do have an attorney, this would be an appropriate question to ask him/her.

posted by John Otto  |  Aug 26, 2009 08:58 AM [EST]

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