How does Chapter 11 bankruptcy affect employees?

Chapter 11 bankruptcy should not affect employees. Typically, all employees will get paid in chapter 11, so long as the business intends on continued operations. Think General Motors Corporation – the employees kept getting paid – however if the business is closing and is not moving forward, there is a chance the employees will all lose their jobs - think Enron. 

If you have more questions about a chapter 11 bankruptcy, call this law firm for a free consultation.

Ascent Law LLC

8833 S Redwood Rd Ste C

West Jordan UT 84088

(801) 676-5506

https://g.page/AscentLaw

https://www.ascentlawfirm.com/chapter-11-bankruptcy/



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