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Severance package

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wilbil Guest	Posted: Sat Nov 14, 2009 9:48 am    Post subject: Severance package Like 0 Dislike 0 If a Company is going through CCAA Bankruptcy and as a former employee who is owed severance pay. I have no way to collect it from this company can I legally put a lien against their property to try an collect what's legally owed to me? I have a legally signed severance package and I am considered a proven unsecured creditor. _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
raymond Community Expert Joined: 03 Jul 2009 Posts: 1166 Location: Irvine, California 24.79 Dollars($)	Posted: Sun Nov 15, 2009 8:47 am    Post subject: Like 0 Dislike 0 You can get a Judgement and place a lien against their property, but aren't you already included as part of their Bankruptcy? I've never heard of a CCAA Bankruptcy - companies usually do chapter 11's. They're in a bad way if they're doing bankruptcy, and chances are slim you'll receive any of your severance within a reasonable timeframe, if at all. _________________ Raymond Denton www.raymonddenton.com

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