An Employee of a Bankrupt Company Could Be Able to Receive

question 9

True/False

An employee of a bankrupt company could be able to receive up to $11,725 in unpaid wages and up to $11,725 in contributions to employee benefit plans,for a total of $23,450 before any money is paid to a consumer to compensate for deposits paid to the company for goods which were never delivered because of the company's going bankrupt.

---

Definitions:

Title Examinations

A process in real estate transactions that reviews and verifies the legality of a property's title to ensure it is free from claims or liens.

Environmental Contaminants

Substances introduced into the environment that cause harm or discomfort to the ecosystems or organisms living there.

Zoning Authorities

Local government agencies responsible for defining and enforcing land use regulations within their jurisdictions.

Environmental Regulator

An entity or agency responsible for enforcing laws and regulations aimed at protecting the environment.