Legal Question in Employment Law in California

Paid Time Off vs. Bankruptcy

If an employee resigns 72 hrs before the Company files for bankruptcy, how is PTO(paid time off) handled. If the company files within the 72 hr. period what are the laws?


Asked on 11/21/00, 10:32 pm

1 Answer from Attorneys
Ken Koury Kenneth P. Koury, Esq.

Re: Paid Time Off vs. Bankruptcy

I would recommend filing a proof of claim at the proper time for the cash equivalent of the time owed. At least a portion of the unpaid wages should be treated as a priority debt.

Read more
Answered on 11/29/00, 4:22 am


Related Questions & Answers

More Labor and Employment Law questions and answers in California