Remove issues wages-benefits
article thumbnail

What you should know about Chapter 7 bankruptcy in Tennessee

Roths Child Law

Many consumers file for Chapter 7, which is known as the liquidation bankruptcy, or Chapter 13, which is known as the wage-earner’s bankruptcy. Also, many assets, such as retirement accounts, certain amounts of home equity, most personal property and specific government benefits, aren’t subjected to liquidation because they’re exempt.

article thumbnail

Steps Involved in Recovering Unpaid Student Loans

Nexa Collect

Send Formal Notices : If initial contact doesn’t resolve the issue, send formal notices outlining the amount due and the necessary steps the borrower must take to avoid further consequences. Offset Tax Refunds and Government Benefits : For federal student loans in the U.S.,

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Severance Agreements: Tips for Ensuring They Are Enforceable

Jimerson Firm

For example, promising to pay an employee for work already done or benefits already earned is not sufficient consideration, and the release will not be enforceable. the consideration given in exchange for the release compared to the benefits the employee was already entitled to receive. . Cannot waive Unemployment benefits.

article thumbnail

DOL’S Second Try at Prevailing Wage Rule May Impact H-1B and Green Card Filings

Burr Forman

Department of Labor (“DOL”) recently published a new final rule seeking to again increase the minimum wage paid to foreign workers when sponsored for an H-1B visa or green card. The DOL issued the rule on January 14, 2021 with an effective date of March 15, 2021. Increasing Prevailing Wage. Staggered Implementation.

article thumbnail

Maryland Issues Guidance on Earned Wage Access Products

Troutman Sanders

On August 1, Maryland’s Office of Financial Regulation (OFR) issued guidance to “provide clarity on how [the OFR] views Earned Wage Access [EWA] products and to describe the requirements entities offering these products must adhere to.” Who benefits from any fees or tips the employee pays?

Lender 52
article thumbnail

What Will Happen To Your Employees When Your Company Goes Into Liquidation?

Hudson Weir

The issue can be where there isn’t enough money to pay back all of the business debt since the liquidator must repay secured creditors (such as a bank with a debenture) first. They can make claims for any monies owing, such as: Redundancy pay Unpaid wages Holiday pay Payments in lieu of notice (PILON).

article thumbnail

What Is a Judgment?

Credit Corp

A judgment is an order issued by a judge or jury to settle a lawsuit. The order can be issued in one of two forms: A monetary judgment: A judgment that orders one party to pay the other party a specific amount of money. That means judgment creditors can seek debt payment from more than your wages and bank accounts.