Huntley, IL asked in Workers' Compensation for Illinois

Q: If my company files for bankruptcy, are they still obligated to pay me workers' compensation benefits?

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1 Lawyer Answer

A: Some companies are self-insured and may become bankrupt. Also, some companies are insured by a work comp insurance company. Normally speaking, there are some protections like the Illinois Guaranty Fund which can step in if insurance and employer are not solvent. You should contact an Illinois work comp attorney because you can still maintain a case.

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