Bankruptcy
What Employees Are Owed When an Employer Files for Bankruptcy
Unpaid pay, 401(k) money, pensions and health coverage each follow different rules when an employer goes bankrupt. The priority cap, first-day wage motions and where to file.
Tag: bankruptcy
Bankruptcy
How Going-Out-of-Business Sales Work in a Bankruptcy
Who runs a bankrupt chain's liquidation sale, why discounts can be smaller than they look, and where to find the deadlines for gift cards, returns and rewards.
Bankruptcy
What Happens to Your Pension When Your Employer Goes Bankrupt
A company bankruptcy does not wipe out a traditional pension. How the PBGC steps in, the 2026 and 2027 maximum guarantees by age, and which benefits fall outside them.
Bankruptcy
Are Gift Cards Still Good When a Retailer Files for Bankruptcy?
Whether your gift card still works after a bankruptcy filing is decided by a court order. Where to find the cutoff date and what to do when cards stop working.
Bankruptcy
What Happens to Your Order or Deposit When a Company Goes Bankrupt
Open orders, deposits, subscriptions, warranties and returns after a Chapter 11 or Chapter 7 filing: what the customer programs order allows, the $3,800 deposit priority and the credit card route.
Bankruptcy
Chapter 11 vs Chapter 7: What Each Means for a Company
The chapter a company files under decides who runs it and who gets paid. This side-by-side guide covers employees, customers, suppliers and shareholders.
Bankruptcy
How to File a Proof of Claim in a Company’s Bankruptcy
Customers, employees and suppliers owed money by a bankrupt company usually need a proof of claim to be paid. How to find the case, the deadline and the claims agent.