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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.
Wiki User
∙ 18y ago
Wiki User
∙ 14y agoChapter 13 should not affect your vacation time. In fact, it probably falls under the employment non-discrimination clause of the Bankruptcy Code, which prohibits current & potential employers from taking any action against you due to bankruptcy.
If your vacation is paid as part of your regular pay, your withholding should continue just as if you were working. If you get a separate check for the vacation, discuss it with your trustee--especially if it's paid out like a bonus.
Wiki User
∙ 15y agoDo employees get paid vacation time after a chapter 11 bankrupcy?
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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 you still keep your vacation home if you file bankruptcy if there is no equity?
In a chapter 7, yes, you can keep your vacation if you have no equity in it. This assumes you have not run out and borrowed money against it knowing you were going to file bankruptcy. In a chapter 13, the equity is only relevant to the amount to be paid to the unsecured creditors. You don't "lose" the property.
Do IT managers get paid vacations?
As exempt employees of the company, paid vacation would normally be part of their compensation; however if they were working in the position as independent contractors, no paid vacation is not available to them.
Can you sell a vehicle that was included in a Chapter 13 bankruptcy case and is not yet paid off?
No
Which motivation theory do you think would help communicate the importance of vacation time to your employees?
give them paid vacation
What is the definition of Chapter 11 bankruptcy?
To somewhat oversimplify: Chapter 11 is "reorganization" for Corporations or a business, & Chapter 13 is a very similar thing for people. Debts and life are paid off/down and things re-organized. Chapter 7 is flat-out, busted-broke bankruptcy - out of business, not a penny left.
Was the first person to provide employees with paid sick and vacation time as well as a five-day work week?
who was the first person to provide employees with paid sick and vacation time as well as a five-day work week.
What was the first person to provide employees with paid sick and vacation time as well as a five-day work week?
who was the first person to provide employees with paid sick and vacation time as well as a five-day work week.
What paid holidays do the employees get at staples?
Staples employees get paid for two holidays each year. They get paid for both Thanksgiving and Christmas. If they work on either of these days, they will get the vacation pay and regular pay.
When a creditor is paid-off through a Chapter 13 Bankruptcy is the creditors information automatically removed from your credit history?
No. Sometimes it will be reported as "Included in Bankruptcy"
Who gets paid first banks or employees in bankruptcy cases?
IRS, employees, debt holders, equity holders
When filing Chapter 7 bankruptcy should a car that is not paid off be included on the schedule of personal property?
no
