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NO first the Government then the banks then everyone else.
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∙ 14y ago
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If an LLC declares bankruptcy how are owed employee wages handled?
If an LLC declares Chapter 11 bankruptcy the employees wages will continue to be paid as normal. However, under a Chapter 7 bankruptcy, the employees are listed as creditors, and wages are paid out with other creditors from any remaining assets, if any remain.
Can wages be garnished if you do not make enough?
Bankruptcy can actually stop wage garnishments. If you can provide proof of financial hardship, wages won't be garnished during the bankruptcy.
Are employees unsecured priority claims in Bankruptcy Court?
Unpaid employees are priority unsecured bankruptcy claims up to approximately 10,000.
What are private sector wages?
They are the wages paid to employees in the private sector.
Is a 401K affected by bankruptcy?
No. It is protected by law.
Chapter 7 discharged bankrupcya cousin is now trying to take you to court for money that you borrowed a year before you filed for bankruptcy are you protected under the bankruptcy?
If you included it in your bankruptcy, you're protected by the discharge. If you didn't and you're already discharged from Chapter 7, you may not be protected. I suggest you discuss this with your bankruptcy lawyer.
Can you pay your employees cash wages?
wow
What is The wages paid by an employer to employees?
payroll
Is Thrift Savings Plan protected under bankruptcy?
No..
Can you protect your trade tools if you file bankruptcy?
They are protected.
Are assets in a 401k protected if you file bankruptcy?
Yes.
Can assets be protected from a personal injury judgment by filing bankruptcy?
Yes. Consult a knowledgeable bankruptcy attorney.
