Does a corporation filing bankruptcy have an obligation to pay accrued vacation to employees?

Answer by virtue of the financial tool called "bankruptcy" it is meant that you need protection from all creditors and those liabilities of your business. It's probably one of the reasons that the company needs help. Technically you could hire counsel to force your rights as employees but I can tell you this......in terms of fallout and who's gonna get their money first, employees are low on the totem pole.

All the other creditors will have their claims satisfied first, read more about Enron- they are going through the same thing.

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.

Related Questions