Legal Question in Bankruptcy in California

The business I have worked for for 24 years is filing bankruptcy. I can't seem to find any info on line regarding the step by step procedures that will take place after the actual filing. Who closes out the books, answers unemployment filing claims, does quarterly and year end reports. Will my computer with the accounting program be removed? Do I no long show up for work after the filing? Please let me know what to expect or if there is a web site I can visit for this information. Thank you.


Asked on 9/17/10, 6:30 am

3 Answers from Attorneys
Brian Whitaker Lifeline Legal, LLP

When a business files Chapter 11 bankruptcy, it does not mean it's going out of business ... it usually means it's trying to stay in business. I would suggest showing up for work if you wish to stay employed.

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Answered on 9/22/10, 8:14 am
Michael Stone Law Offices of Michael B. Stone Toll Free 1-855-USE-MIKE

And run to the bank as soon as you get your paycheck.

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Answered on 9/22/10, 11:03 am


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