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?


Shortnsalty 33d

Berkshire is hoarding so. much. cash.

Berkshire is hoarding so. much. cash.
Goldrush_Greg 64d

Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends

Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Stonksurfer42 94d

Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on

Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Moonbagjack 125d

Where does this end up long term with small stocks suffering white giant caps are taking all the coin?

Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
Chartwizard_Au 155d

🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...

🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
Tendies_Inbound 1y

#ASX:ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?

Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?