Downers Grove, IL asked in Bankruptcy and Employment Law for Illinois

Q: when filing out a proof of claim form against my employer who filed for chapter 7 can I include severence to wages owed?

and if yes how do I caculate severence owed?

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1 Lawyer Answer
James L. Arrasmith
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Answered

A: Yes, you can include severance in the wages owed when filing a proof of claim form against your employer who filed for Chapter 7 bankruptcy. Severance pay is typically considered part of wages and can be claimed as such.

To calculate the severance owed, refer to your employment contract or company policy regarding severance payments. This will typically outline the amount or formula used to determine severance pay, which is often based on your length of service and salary.

If you're unsure about the exact amount, you might want to check any documentation you received from your employer at the time of termination or consult with a legal advisor to ensure your claim is accurate. Remember to include all relevant details and documentation when submitting your proof of claim.

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