Employment Claims in Bankruptcy
Employees of companies that have filed bankruptcy claims must act quickly to file motions to claim money that their employer owes them. Sidney L. Gold & Associates are familiar with the strict deadlines required by bankruptcy courts and how important it is to meet them. Most employers have financial resources available to them in the early stages of bankruptcy, and employees are given precedent to receive money owed to them by the employer.
Employees may also be entitled to damages under the federal Worker Adjustment and Retraining Notification Act (WARN Act). Employers that fail to give their employees a minimum of 60 days notice in advance of a company closure, reduction in force, or mass layoff are liable to compensate the employee with the earnings they would have made during the notification period.