Re: Is Swiftech going down for the count?
Unsure of USA law but in Australia wages are #1 in queue of creditors.
I know because as a contractor I am not wages employee but unsecured creditor hence very low priority.
So, ensure any wages claim is in writing now with evidence, as it will be an administrator/liquidator who pays the bills and not the company's current management.
In fact, in Australian law at least, the last several period of bills can be reversed via legal action if the company is favouring one creditor over another. If a company has not paid employee wages but has paid other creditors, perhaps the administrator will seek to correct "the wrong", although its typically done to recover maximum funds for the secured creditors who get preferencial treatment.
Note: Usual caveat re legal advice applies: I am not qualified and made all the above up. Go see a solicitor.
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