The firm for which you have worked for 6 years has filed for Chapter 11 bankruptcy.What this means to you is:
A)you will receive your wages going forward without fail, as you are now a secured creditor
B)you are likely to receive your wages going forward, as they have a high priority in bankruptcy cases like this one
C)your union contract as to wages and benefits is null and void
D)all of these

Question

Quizplus · Accepted Answer

As an employee, your wages have a high priority in bankruptcy cases, meaning you are likely to receive your wages going forward. However, your status as a secured creditor is uncertain and your union contract may also be impacted.

The Firm for Which You Have Worked for 6 Years