emmcee
05-08-2008, 09:26 PM
Have any of you Shackies worked for a company that filed a Chapter 11 bankruptcy petition?
Last Friday the boss filed a Chapter 11 bankruptcy reorganization petition. We have not received our payroll checks for the week of 4/18. Had some emergency funds approved for week of 4/25 and 5/2. Hope we get more emergency funds for tomorrow's payroll. But the boss called me and the controller in his office this p.m. and gave us the low-down for work and the Chapt. 11
2 men came to the office this a.m. who were sent by the bankruptcy court and they told him, he had to have worker's comp insurance by tomorrow or we're closed down. Had no wc since April, just holding our breath that no employee or otherwise was hurt. I work for a trucking company, you know, the big rigs that no one likes because when the truck passes us on the highway and we are in a little car, it feels like you're being blown off the road. Anyway, back to the story, so they (bankruptcy agents) call a payroll outsource co that we most likely will have to use because of the work comp issue and that means at least 2 people will lose their jobs and the rest of us most likely will have to take a pay cut. If we don't have the sales to keep us afloat, most likely we'll not make it and will close. The boss is having to file personal bankruptcy tomorrow to try to save his home.
I've been figuring out what % I could take & survive. At least it's a job.
But this Chapt. 11 has been such a mess. So tomorrow a.m. I have to be at work by 7:30 or 7:45 so Judy (controller) boss and me can discuss this situation again.
Last Friday the boss filed a Chapter 11 bankruptcy reorganization petition. We have not received our payroll checks for the week of 4/18. Had some emergency funds approved for week of 4/25 and 5/2. Hope we get more emergency funds for tomorrow's payroll. But the boss called me and the controller in his office this p.m. and gave us the low-down for work and the Chapt. 11
2 men came to the office this a.m. who were sent by the bankruptcy court and they told him, he had to have worker's comp insurance by tomorrow or we're closed down. Had no wc since April, just holding our breath that no employee or otherwise was hurt. I work for a trucking company, you know, the big rigs that no one likes because when the truck passes us on the highway and we are in a little car, it feels like you're being blown off the road. Anyway, back to the story, so they (bankruptcy agents) call a payroll outsource co that we most likely will have to use because of the work comp issue and that means at least 2 people will lose their jobs and the rest of us most likely will have to take a pay cut. If we don't have the sales to keep us afloat, most likely we'll not make it and will close. The boss is having to file personal bankruptcy tomorrow to try to save his home.
I've been figuring out what % I could take & survive. At least it's a job.
But this Chapt. 11 has been such a mess. So tomorrow a.m. I have to be at work by 7:30 or 7:45 so Judy (controller) boss and me can discuss this situation again.