My Rights if My Employer Declares Bankruptcy
Authored By: Legal Aid At Work
If your employer has filed for bankruptcy, it means that the business is no longer able to pay off its debts to its creditors, and the company has asked the court to help it either plan a repayment schedule (“Chapter 11” bankruptcy) or sell off all its property and use the money to pay off the creditors (“Chapter 7” bankruptcy).
Link: legalaidatwork.org
Last Review and Update: Jun 24, 2024