A Bankruptcy’s Effect on Benefits and the Barrage of Information Requests

Charles J. Alaimo ()
Additional contact information
Charles J. Alaimo: Human Resources for Group One Trading

Chapter 4 in HR Leadership During Bankruptcy and Organizational Change, 2022, pp 33-38 from Springer

Abstract: Abstract This chapter explains what to expect in terms of information requests in a bankruptcy situation. Human Resource professionals will be required to complete and provide information on wages, benefits, 401(k), severance, employee stock, and other employee benefit plans. With any organizational change which may require a reduction in staff, this chapter explains why HR should be aware of, and abide by, the reporting requirements of the Worker Adjustment and Retraining Notification or WARN Act.

Keywords: Statement of financial affairs; SOFA; Wages; Staff reductions; Worker adjustment and retraining notification (WARN) act; Severance; Benefits; First day motions; Schedule of wages; Employee stock plans; 401(k) plans (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:mgmchp:978-3-030-95048-4_4

Ordering information: This item can be ordered from
http://www.springer.com/9783030950484

DOI: 10.1007/978-3-030-95048-4_4

Access Statistics for this chapter

More chapters in Management for Professionals from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().