If My Employer Is Declared Bankrupt, Will I Get Paid?

Question: If my employer is declared bankrupt, will I get paid?

Answer:

This will depend on whether the bankrupt business has sufficient funds to pay outstanding wages. When an entity goes bankrupt or insolvent they may not have sufficient funds to pay creditors, including employees.

Answered by Edith Moss

Edith is a lawyer at LegalVision. She currently practises in the Employment Law team which includes drafting business terms and conditions, employment and contractors agreements and providing advice on employment matters. In her past work experience, Edith worked for some of Australia's leading visual art and design organisations.

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