Free Legal Advice Philippines

Disclaimer: This web site is designed for general information only and does not create attorney-client relationship. Persons accessing this site are encouraged to seek independent counsel for legal advice regarding their individual legal issues.

Log in

I forgot my password




You are not connected. Please login or register

Bankruptcy

View previous topic View next topic Go down  Message [Page 1 of 1]

1 Bankruptcy on Wed Oct 12, 2011 10:12 am

mrdrop


Arresto Menor
Hi,

Need help, if a company declares bankruptcy so they can close the company and open new one under new management. What can we the employees can get? The company is 5 years and we are regular employees. Please advice.

Thanks

View user profile

2 Re: Bankruptcy on Sat Oct 15, 2011 10:01 pm

attyLLL


moderator
if it's true that they will open a new one, then you can argue that you are entitled to separation pay or that you are being illegally dismissed.


_________________
[i] Visit our FB Page: BPO Employee Legal Advice
Warning and Disclaimer: I am not your lawyer; and you are not my client. With the limitations of an  Internet forum, a thorough review of your concern is not possible. View my comments at YOUR OWN RISK. It is best to actually retain a lawyer for your individual concerns.
View user profile

3 Re: Bankruptcy on Tue Oct 18, 2011 9:40 am

mrdrop


Arresto Menor
For separation pay, what are included just to be sure? and is it 15 days only per year of service? When I checked online I saw 30 days, please advice.

Thank you in advance.

View user profile

4 Re: Bankruptcy on Wed Oct 19, 2011 8:12 pm

attyLLL


moderator
1 month pay or 1 month for every year of service, whichever is higher.

but it is also valid for you to agree to be employed by the new company if they continue your tenure of employment.


_________________
[i] Visit our FB Page: BPO Employee Legal Advice
Warning and Disclaimer: I am not your lawyer; and you are not my client. With the limitations of an  Internet forum, a thorough review of your concern is not possible. View my comments at YOUR OWN RISK. It is best to actually retain a lawyer for your individual concerns.
View user profile

5 Re: Bankruptcy on Fri Jan 23, 2015 5:46 pm

haiku


Arresto Menor
I saw this thread while I was searching for more information.

I would like to continue this thread by asking the following:
1. If a company would be filing for bankruptcy and opening a new one, are they required to offer us a continuation of our tenure? If that's the case, will we still receive separation pay?
2. If a company would be filing for bankruptcy, how soon should they have let us known about it?

Thank you!

View user profile

6 Re: Bankruptcy Today at 12:42 am

Sponsored content


View previous topic View next topic Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum