Legal Question in Business Law in New Jersey
Corporation Disolvement
what happens to my salary when a corporation freezes their assets
Asked on 2/07/02, 9:37 pm
1 Answer from Attorneys
Geoffrey G. Gussis, Esq.
Riker, Danzig LLP
Re: Corporation Disolvement
It is hard to tell what you are referring to. Is the company going out of business? Has it declared bankruptcy? Made an assignment for creditors or begun dissolution proceedings? In many circumstances employees who are owed salary have priority over other creditors - you have to provide more details.
Answered on 2/07/02, 9:48 pm
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