Legal Question in Bankruptcy in Georgia
Commissioned sales pay
I estimate, bid and manage flooring jobs for a company that appears to be very close to filing bankruptcy. I am owed about $12,000.00 in commissions. What is my legal right to claim. What is their legal means of paying or not paying
Asked on 12/18/08, 11:01 pm
2 Answers from Attorneys
Glen Ashman
Ashman Law Office also dba Glen Ashman Attorney
Re: Commissioned sales pay
If a company files bankruptcy, you may or may not be paid, depending on the case. In most cases you'll have no remedy, but with $12,000 at stake, you should IMMEDIATELY see a lawyer.
Answered on 12/19/08, 11:20 pm
Scott Riddle
Law Office of Scott B. Riddle, LLC
Re: Commissioned sales pay
If they file and have money for creditors, some employee claims have priority over other creditors for pre-petition wages. If they ultimately have no money available for unsecured creditors, priority is meaningless.
Answered on 12/19/08, 8:57 am
Related Questions & Answers
-
One spouse filing 13 or 7 I must file due to mortgage problems and limited cash... Asked 12/13/08, 3:52 pm in United States Georgia Bankruptcy Law
-
Bancrupcy I have a home in Georgia and 30K in credit card debt and want to know my... Asked 12/09/08, 9:28 am in United States Georgia Bankruptcy Law
-
Bankruptcy I filed for chapter 7 in august 2008. Since then my current business is... Asked 12/08/08, 5:36 pm in United States Georgia Bankruptcy Law
-
Bankruptcy options My husband and I own a corporation from which we opened a coffee... Asked 12/08/08, 4:52 pm in United States Georgia Bankruptcy Law
-
Including irs as creditor I am seriously considering filing a chapter 13 and have... Asked 12/04/08, 8:52 am in United States Georgia Bankruptcy Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
