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  2. Chapter 11, Title 11, United States Code - Wikipedia

    en.wikipedia.org/wiki/Chapter_11,_Title_11...

    Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. [1]

  3. Severance package - Wikipedia

    en.wikipedia.org/wiki/Severance_package

    The severance payment payable to an employee for any period of less than six months shall be one half of his/her monthly salary. [ 33 ] If the monthly salary of an employee is higher than 3 times local average monthly salary where the employer is located, the rate for the severance payment to be paid shall be 3 times local average monthly ...

  4. General Motors Chapter 11 reorganization - Wikipedia

    en.wikipedia.org/wiki/General_Motors_Chapter_11...

    [2] [3] [4] Normal operations, including employee compensation, warranties, and other customer services were uninterrupted during the bankruptcy proceedings. [2] Operations outside of the United States were not included in the court filing. [2] The company received $33 billion in debtor-in-possession financing to complete the process. [5]

  5. Bankruptcy in the United States - Wikipedia

    en.wikipedia.org/wiki/Bankruptcy_in_the_United...

    Originally, bankruptcy in the United States, as nearly all matters directly concerning individual citizens, was a subject of state law. However, there were several short-lived federal bankruptcy laws before the Act of 1898: the Bankruptcy Act of 1800, [3] which was repealed in 1803; the Act of 1841, [4] which was repealed in 1843; and the Act of 1867, [5] which was amended in 1874 [6] and ...

  6. Before “Titan” Implosion, Ex-Employee Claims ... - AOL

    www.aol.com/lifestyle/titan-implosion-ex...

    Phil Brooks, who was OceanGate's director of engineering, testified that the company was 'economically very stressed'

  7. Government Employee Fair Treatment Act of 2019 - Wikipedia

    en.wikipedia.org/wiki/Government_Employee_Fair...

    The Government Employee Fair Treatment Act of 2019 (GEFTA) is a United States federal law which requires retroactive pay and leave accrual for federal employees affected by the furlough as a result of the 2018–19 federal government shutdown and any future lapses in appropriations. [1]

  8. Employee benefits - Wikipedia

    en.wikipedia.org/wiki/Employee_benefits

    The Bureau of Labor Statistics, [3] like the International Accounting Standards Board, [4] defines employee benefits as forms of indirect expenses. Managers tend to view compensation and benefits in terms of their ability to attract and retain employees, as well as in terms of their ability to motivate them.

  9. Constructive dismissal - Wikipedia

    en.wikipedia.org/wiki/Constructive_dismissal

    To prevent the employer alleging that the resignation was caused by a job offer, the employee should resign first and then seek a new job during the notice period. During the notice period, the employer could make the employee redundant [47] or summarily dismiss them, if it has the grounds to do so fairly. Otherwise, the reason for termination ...