Legal Question in Bankruptcy in California
Employee salary payments in bankruptcy
I am an employee in a large Radiology practice in southern California that has stared having cash flow problems and my paydeck is 10 days overdue. The partners in the practice have decided to take a loan to pay the employee doctors (of which I am one) but I assume they are also discussing bankruptcy..would I have to be paid if they declared bankruptcy?
Thank you,
Asked on 1/30/06, 4:26 pm
1 Answer from Attorneys
KATHIE SIMMONS
KATHIE SIMMONS
Re: Employee salary payments in bankruptcy
Employees have priory in bankruptcy over the unsecured creditors. That means you will get paid in full before they get anything. The question I would have is how long do they expect you to work without getting paid. I think you could claim unemployment in that you have effectively been laid off.
Answered on 1/30/06, 6:48 pm
Related Questions & Answers
-
Selling home after bankruptcy I filed for chapter 7 BK in 08/17/2005 and was... Asked 1/25/06, 2:02 pm in United States California Bankruptcy Law
-
Discharge bankruptcy a joint 7 bankruptcy was filed 10-01-2005. both parties on... Asked 1/16/06, 10:17 pm in United States California Bankruptcy Law