Comments on: Company is filing Chapter 11, What happens to me? http://assetsforbankruptcy.com/company-is-filing-chapter-11-what-happens-to-me What Counts as Assets in a Bankruptcy Filing? Thu, 19 May 2011 11:14:05 +0000 hourly 1 http://wordpress.org/?v= By: Gem http://assetsforbankruptcy.com/company-is-filing-chapter-11-what-happens-to-me/comment-page-1#comment-787 Gem Sat, 15 May 2010 21:39:00 +0000 #comment-787 Chapter 11 means that they are "re-organizing", which means they will stick a bunch of their vendors & creditors and try to keep running. Is your job in immediate danger? Hard to say, have all your paychecks been on time and good? In the future? Again, hard to say--it could go either way for a low-level person. How busy are you? Do you have lots of downtime or are you busy all the time? Are you a "value-added" employee, one that gets extra work and duties? If in your shoes, I would update my resume and be prepared. There are hundreds of thousands of American companies that are on the verge of bankruptcy right now. Good luck to you in your future. Chapter 11 means that they are "re-organizing", which means they will stick a bunch of their vendors & creditors and try to keep running.

Is your job in immediate danger? Hard to say, have all your paychecks been on time and good?

In the future? Again, hard to say–it could go either way for a low-level person.

How busy are you? Do you have lots of downtime or are you busy all the time? Are you a "value-added" employee, one that gets extra work and duties?

If in your shoes, I would update my resume and be prepared. There are hundreds of thousands of American companies that are on the verge of bankruptcy right now.

Good luck to you in your future.

]]> By: johnny http://assetsforbankruptcy.com/company-is-filing-chapter-11-what-happens-to-me/comment-page-1#comment-788 johnny Sat, 15 May 2010 21:39:00 +0000 #comment-788 come answer my question plz come answer my question plz

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