Pay Your Debt to an Employee

Wasson and ThornhillBusiness Bankruptcy

If you operate or used to operate a business and are considering filing bankruptcy and would like to pay an employee, the law can help you.   Our last two blog posts were about debts owed to your employees or independent contractors. Specifically we discussed the conditions in which past wages, commissions, or benefits qualify as “priority” debt. Two weeks … Read More

Debts for Employee Wages

Wasson and ThornhillBusiness Bankruptcy

Debts for wages, commissions, and employee benefits may be priority debts, more likely paid. It depends on the timing and amount of the debt.     Our last dozen blog posts have been about “priority” debts. These are special unsecured debts that bankruptcy law treats better than the rest, called “general unsecured” debts. (Secured debts are a third main category … Read More