Employees may worry about what will happen to them if they have to file bankruptcy; however, most employees never think about what may happen if their employer files for bankruptcy relief. With so many companies facing financial problems, the number of companies filing for bankruptcy relief is increasing. What will happen to your employee benefits, retirement and other benefits? Will the company continue to operate or shut down? The first think you should do is contact a bankruptcy attorney to find out what you can do within the bankruptcy to try to protect yourself.

For answers to some of your questions you can read, “My Employer is Filing for Bankruptcy – What do I need to do?”