If a corporation claims bankruptcy, how far down the line are the employees for payment of wages earned but not paid yet?
by 
ltstater
ANSWERS: 2
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In Australia, unless some agreement has been worked out prior, the employees are considered among the last creditors to get paid (generally), and then they end up with a tiny percentage from each dollar they are owed. It is very sad, and wrong.
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In Canada, employees come after creditors (so the banks they had loans with, the comapanies they purchased products/services from). My husband actually had this happen to him and it's been over 3 years with no compensation. We have received some letters here and there from the lawyers indicating that they are trying but we aren't holding our breath.
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