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In bankruptcy, a company is obligated to pay employees and other labor first. Contract labor and suppliers fall in line somewhere after that. If the company is able to stay in business, the employees shouldn't be affected too much unless the company just can't support that many employees, in which case there may be a need for layoffs.
Wiki User
∙ 14y ago
Wiki User
∙ 13y agoGenerally, yes because you lost your employment through no fault of your own. However, if the employer was in an exempt class (as might be determined by your state), you might not be eligible.
Wiki User
∙ 13y agoI am sure that your state unemployment office is able to work around that issue. You have to visit the unemployment office and talk to an employee explaining your situation and that you are not yet ready to file, but soon. He/she will probably give you forms to give to your employer and that you return the forms to the office and they will process the forms and then you are able to collect.
Yes, in fact it essentially fast tracks the process and makes it easier, (presuming the co closed becasue of it). An employer pays unemployment charges while it operates, even if it never fires anyone, and that protects the future.
Wiki User
∙ 12y agounemployment has nothing to do with if a company is still in business or not. so yes you can collect. See the Related link below.
Wiki User
∙ 15y agoYes, easily
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I received a weekly paycheck as a owner of a company can i still collect unemployment if our company goes bankrupt?
Unemployment benefits are paid by your state, so benefit checks will not be effected by bankruptcy.
Severance when file unemployment?
It is actually sometimes possible to receive unemployment benefits while on severance pay. It depends on the state you live in and how much severance you are receiving. If you cannot file for unemployment, you may be able to after the severance has run out-depending on how long unemployment extends for in your state. This article goes into the specifics of severance and unemployment. It can be tricky.
Why must employers keep employee records for unemployment benefit claims?
Any time a former employee files for unemployment benefits, the unemployment office must contact the employer to ascertain the reason for the employee leaving his employment. If he were discharged for cause, the employer must prove his case or it goes against his record with the state and the employee qualifies for his benefits.
What will bankrupt solve?
When one goes bankrupt, one's debts are cancelled.
Will i get my money back if my travel agency goes bankrupt?
Not likely. Bankrupt means that they have no money.
Can you file an extension for New York state unemployment?
(May, 2009) THEY PASSED FOR SURE and it goes to full house it should be signed this week
What should you do if your state goes bankrupt?
move.
Does any money you receive ie ppi repayment go to creditors if you are declared bankrupt?
You are not "declared bankrupt." You file (for) bankruptcy (protection) and get a discharge. If you cannot exempt the ppi reimbursement, it goes to the trustee, who will pay the trustee fee and distribute whatever is left to the creditors.
What does it mean when a bank fails?
It means a bank goes out of business or goes bankrupt.
What are some advantages of using offsite file storage?
Some advantages of using offsite file storage is that one's files will be safer from security threats, no dependency on a 3rd party (if the company goes bankrupt), and more control over files.
What happens to the government if a company goes bankrupt?
Nothing.
Can you reafirm your 1st mortgage and file bankruptsy on your second mortgage?
That would be a good trick No if you go bankrupt all of you goes bankrupt, Unles you have freinds in high places. Can't spell and is dangerously wrong. You can only "cram down" the second mortgage in a Chapter 13, and only if there is no equity for the second to attach to. But it can be done if you meet those criteria. You don't "file bankruptcy" on a debt. You file bankruptcy and list all your debts.
