Other side of bankruptcy

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Old 04-24-13, 06:08 PM
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Other side of bankruptcy

My wife did some freelance design work for a fairly large company. The company has since laid off 70 employees and has filed for bankruptcy (Chapter 11). She has not been paid, although it has only been a little over a week since the job was finished and billed. There has been no communication to any of her e-mails (which is sadly the norm) so she is understandably nervous. Should she be getting her name in as a creditor or wait to see if she will get paid?
 
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Old 04-25-13, 02:53 AM
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If they have already filed for bankruptcy, it is doubtful she will be paid unless she becomes a party to the bankruptcy as a creditor. Either way, it will help her status if she files. Generally, employees salaries are paid before any creditor is paid, so that is something to consider, too.
No lawyering, just a little experience in it to be dangerous.
 
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Old 04-25-13, 09:31 AM
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Yep, get on the list as a creditor - at least she's in the loop that way.
 
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Old 04-25-13, 05:05 PM
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Absolutely file a claim. She wasn't an employee, but an independent contractor. She needs to file a lien or else she will be out in the cold.
 
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Old 04-25-13, 06:48 PM
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Thanks guys! I will get her on the stick.
 
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