severance/bankruptcy
I was laid off after 39 years, and was to receive a severance package for 20 weeks. After 6 weeks of receiving severance, I was called back 'temporarily' for up to six months and I'm still working after 11 months. My question is, our company filed bankruptcy this year - will I still be able to collect the balance of the severence package I signed for?
1 answer | asked Mar 30, 2009 09:29 AM [EST] | applies to New York
Answers (1)
You have to look at the agreement
I'm no bankruptcy attorney, but I believe that, unless you are listed as a creditor, you claim will not be discharged in bankruptcy. If you have received a notice from the bankruptcy court, consult a bankruptcy attorney.
If we leave aside the bankruptcy issue, whether you are still entilted to severance depends on what the severance agreement says. You really need to have an attorney read the agreement in connection with a consultation.
posted by David M. Lira | Mar 30, 2009 1:43 PM [EST]
I'm no bankruptcy attorney, but I believe that, unless you are listed as a creditor, you claim will not be discharged in bankruptcy. If you have received a notice from the bankruptcy court, consult a bankruptcy attorney.
If we leave aside the bankruptcy issue, whether you are still entilted to severance depends on what the severance agreement says. You really need to have an attorney read the agreement in connection with a consultation.
posted by David M. Lira | Mar 30, 2009 1:43 PM [EST]
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