The company I work for is going bankrupt. What should I expect? - I work for a large retailer that is going bankrupt. I currently make about 200k and I am not able to find another job that pays this well, so I am staying for the time being. Leadership says that the bankruptcy is just a rumor, but WSJ implies BK will be filed this week.
The company pays out 401k matching funds each year in March. I have already maxed out my 401k for this year. What are the chances I will get the matching funds in March if I continue to work there? Will the bankruptcy allow them to skip the 401k matching that I was promised?
Also, I've never had to file for unemployment before. Is there anything I can do proactively to make sure filing for unemployment goes smoothly?Personal Finance
The company I work for is going bankrupt. What should I expect? - I work for a large retailer that is going bankrupt. I currently make about 200k and I am not able to find another job that pays this well, so I am staying for the time being. Leadership says that the bankruptcy is just a rumor, but WSJ implies BK will be filed this week.
The company pays out 401k matching funds each year in March. I have already maxed out my 401k for this year. What are the chances I will get the matching funds in March if I continue to work there? Will the bankruptcy allow them to skip the 401k matching that I was promised?
Also, I've never had to file for unemployment before. Is there anything I can do proactively to make sure filing for unemployment goes smoothly?
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