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Employees' Rights Consequent to Bankruptcy or Corporate Liquidation
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An employee whose employer has filed for bankruptcy or corporate liquidation is entitled to receive payment of the salary and severance pay owed him.
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| Those Entitled to Benefits Include | |
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| An employee whose employer has filed for bankruptcy or against whose employer a liquidation decree has been filed (if the employer is a corporation). | |
| Relatives of an employee who are entitled to his severance pay, according to section 5 of the Severance Pay Law.
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| Pension fund, if the employer owes money to the pension fund that insures the employee. | For a claim to pay a salary debt and compensation, click here.
For a claim to pay debt to a trust fund, click here. |
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| Conditions of Eligibility for Benefit | |
 A court has issued a bankruptcy decree against the employer
or corporate liquidation decree or partnership dissolution decree
or decree for the dissolution of a cooperative.
The details of the employee’s claim have been certified by trustee
of the bankrupt company or by the liquidator of the company. |
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