PPRuNe Forums - View Single Post - Ansett staff payments delayed

4th Dec 2002, 09:06

#6 (permalink)

ironbutt57

Join Date: Jun 2001

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In the USA when an employer (as one of mine did) files chapter 7 bankruptcy (liquidation and cessation of operations) then the employees are considered to be "unsecured creditors" therefore are the last ones to recieve any monies...seems time and labor are not worth anything...