I have a heart, but in a service industry that relies on my employess for 100% of income (and I need to pay attorneys)...when's the best time to tell staff?
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Originally posted by justbeach03 View PostI have a heart, but in a service industry that relies on my employess for 100% of income (and I need to pay attorneys)...when's the best time to tell staff?
That's what we've paid the taxes for anyways ...
My 2 cents...
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What are you going to tell them? That you're filing bk or that you're closing the doors?
We told our employees that we were filing about a week before it happened. That was also the day that they got their paycheck, commission, and bonus check.
They were happy campers. They still had a job.
If you're closing the doors, tell them in a group meeting as you're paying them for all of the work that they have done for you.
Don't stiff the hired help!All information contained in this post is for informational and amusement purposes only.
Bankruptcy is a process, not an event.......
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Originally posted by frogger View PostWhat are you going to tell them? That you're filing bk or that you're closing the doors?
We told our employees that we were filing about a week before it happened. That was also the day that they got their paycheck, commission, and bonus check.
They were happy campers. They still had a job.
If you're closing the doors, tell them in a group meeting as you're paying them for all of the work that they have done for you.
Don't stiff the hired help!
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Originally posted by frogger View Post
Don't stiff the hired help!
This is 100% correct, reason being you might get rolling again and need them back. I have hired back many people that I thought I never would need again...Just keep them in the loop without telling them your life story, they will appreciate it and be thankful for a job either now or later.."I'm old enough to know better, but too young to care"
Filed Chapter 7 January 25th 2010
341 Hearing March 4th 2010
Discharged May 10th 2010
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Originally posted by justbeach03 View Postdo you think i can get away with giving them a severance bonus in their last paycheck...to help them get by a little easier too.
Or at least make it easy for them to understand *when* they can apply for unemployment ... unemployment benefits typically begin once your severance funds have been depleted. So depending on your dollar amount and state in question, it would vary ...
HTHs.
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