Creating A Great Impression In Court

If you have ever had to attend court in order to prove your innocence, you know how much your appearance and attitude can impact the proceedings. Unfortunately, all too many people misinterpret how they should dress and what they should do in court, which is why I decided to make this blog. This website is all about creating a great impression in court and understanding how to present yourself to the judge and jury. After all, you might be trying to defend your innocence to avoid potential jail time. Check out this blog for great tips that could help you to protect your freedom.

What Happens To Your Workers Comp Payments If Your Employer Goes Bankrupt?

Law Blog

If you're currently receiving workers compensation benefits while recovering at home from an injury suffered in the workplace, you likely still keep up with the goings-on of your office. You may be surprised and dismayed to learn that your employer is on shaky financial footing and could be considering a reorganization through Chapter 11 bankruptcy. What happens to your workers comp benefits if your employer goes bankrupt? Is there anything you can do to preserve your benefits if you suspect a bankruptcy filing is in your employer's future? Read on to learn more about bankruptcy and the workers comp system.

What effect does an employer's bankruptcy have on workers comp payments?

The treatment of your workers comp claim in bankruptcy largely depends upon your state's laws -- even though bankruptcy is a federal matter. Some states require all businesses with employees to pay for workers compensation insurance and can assess steep penalties for an employer's failure to do so. Other states permit employers to self-insure for these types of expenses, and they will only assess penalties if an employer refuses to make workers comp payments to a deserving employee.

In states that require workers comp insurance, as long as your employer has remained current on insurance premiums, you shouldn't notice any impact if a bankruptcy is filed. If your employer began missing these payments as finances became more strained, it's possible that the workers comp insurance has already lapsed. However, in most cases, the bankruptcy trustee, recognizing the importance of these payments to those injured at work, will place them at the highest priority and quickly liquidate certain assets to ensure your benefits are restored.

In states that allow self-insurance, the process becomes much more complex. While workers compensation benefits are a higher priority than other employer debts, they're not always the highest -- and if your employer has spent down all assets before its reorganization filing, there may not be enough to pay claims. However, these states each have a public workers compensation fund that is designed to help ensure continuity of benefits due to employer negligence or inaction.

Is there anything you can do to preserve your benefits?

Unfortunately, there's often not much you can do to keep your employer from declaring bankruptcy. However, you can be proactive in ensuring that your benefits remain steady and that you're keeping solid documentation of all the expenses you've incurred as a result of your work-related injury. Depending upon your state's laws and your employer's finances, you may be asked to provide these records in order to receive the benefits to which you're entitled. 

For professional legal help, click on this link http://leifericksonlawoffice.net or do an online search. 

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20 August 2015