Port Jervis, NY asked in Bankruptcy and Employment Law for New York

Q: I loaned my employer 70,000. I was repaid about $10,000 and then he fired me. His company is now filing bankruptcy.

Do I have any recourse to get my money back?

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4 Lawyer Answers
Karra Kingston
Karra Kingston
Answered
  • Bankruptcy Lawyer
  • Staten Island

A: Hello, it depends what chapter they filed for.

V. Jonas Urba
V. Jonas Urba
PREMIUM
Answered
  • Tarrytown, NY
  • Licensed in New York

A: Ask a bankruptcy lawyer for the best response and file your notice of lien as soon as possible.

Michael David Siegel
Michael David Siegel
Answered
  • Bankruptcy Lawyer
  • New York, NY
  • Licensed in New York

A: It depends on what the documents say. If you lent to the owner, and that is the borrower, a corporate bankruptcy does not stay suit.

Timothy Denison
Timothy Denison
Answered
  • Bankruptcy Lawyer
  • Louisville, KY

A: Depends on what Chapter your employer filed under.

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