When a company files for bankruptcy, it can be an unsettling time for the company's employees who may worry about job and financial security, including unpaid wages and employee benefits. While these concerns are legitimate, the Bankruptcy Code and bankruptcy process provide some protection to employees in certain circumstances. This article will discuss what happens to unpaid wages when an employer files for bankruptcy.
Troutman Pepper Locke's Creditor’s Rights Toolkit is a series that provides practical insights to help creditors confront the challenges of commercial bankruptcy.
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