Legal Question in Bankruptcy in California

Chapter 11 re: Employee Wages and Vacation

If the company for whom I work files Chapter 11, I will be out one week of wages (not more than $2,000), and 100 hours of vacation time (more than $2,000). Is vacation pay considered a "benefit", or wages? Is there still a $2,000 absolute cap for each category?


Asked on 4/19/00, 1:42 pm

1 Answer from Attorneys
Daniel Press Chung & Press, P.C.

Re: Chapter 11 re: Employee Wages and Vacation

The cap on the amount of wages treated as priority debt is $4300.

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Answered on 5/01/00, 6:15 pm


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