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August 23rd, 2011, 17:30
Originally Posted by aries100 View Post
So your former boss is in jail because he's a decent guy that wanted to give your guys your paychecks? So it would have been better if his company just had went bankrupt, then? Since, by US laws, firms are then required to pay the paychecks to their employees.
My understanding is that US bankruptcy law places employee compensation claims at the top of the creditor list during the bankruptcy proceedings. That means employees would be paid… eventually. But bankruptcy takes time. How many of us could easily handle a multi-month delay in receiving our paychecks? It'd still be quite a hardship and I can understand a manager wanting to spare employees from that if he thought it possible.

That said, one does not screw around with the IRS. They seem to think that all your money is theirs, and any they deign to let you keep is a gift for which you should be duly grateful — and they have guns to back up their attitude.
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khaight

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