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Bankruptcy Law - Questions & Answers
My employer filed bankruptcy.
How do I get paid?
If you are a union employee,
contact your union. Often unions will represent
the employees in the bankruptcy proceeding. If
not, file a proof of claim for any unpaid wages,
vacation benefits, etc. owed from before the date
of filing. Up to $4,000 (this amount will increase
periodically - make sure you check a current version
of the Bankruptcy Code) of the amount owed to
you for services performed within 90 days of the
date of the bankruptcy, or the date your employer
closed its doors, whichever occurred first, is
a "priority claim" under the Bankruptcy
Code. The rest of the amount owed you is a general,
unsecured claim. Priority claims will get paid
before general unsecured claims.
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