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: pensions
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.