Legal Question in Business Law in Illinois

Can I hold company equipment as collateral for non payment of wages and expenses in the State of IL?


Asked on 6/07/12, 12:28 pm

1 Answer from Attorneys
Alex Arezina Alexander I. Arezina, Attorney at Law

The simple answer is no. If you have not been paid wages that are owed to you, you have a variety of remedies, including but not limited to the Illinois Wage Payment and Collection Act. This act provides for interest, costs and attorney's fees. I hope this helps.

If you would like to discuss this further, feel free to email me at [email protected]. I would be interested in knowing the circumstances relating to the nonpayment. Are you the only one? Are you still working there? Is the company a large one or a small employer? How many employees?

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Answered on 8/15/12, 5:31 pm


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