http://ask.metafilter.com/tags/owed Questions tagged with 'owed' at Ask MetaFilter. Sun, 16 Mar 2008 18:52:24 -0800 Sun, 16 Mar 2008 18:52:24 -0800 en-us http://blogs.law.harvard.edu/tech/rss 60 http://ask.metafilter.com/86303/How%2Dcan%2DI%2Dget%2Dmoney%2DI%2Dam%2Dowed%2Dfrom%2Da%2DUK%2Dbased%2Demployer%2Dgoing%2Dbust The UK based company I have been working for is going under (I am in the US... I was hired as their Los Angeles based Art Director last November.) They never got the US corporation together so I was always payed as a contractor, month to month, for which I had to invoice them, always with the promise that as soon as they got the US corporation established I would get my pay as a salary with benefits like health insurance. The only binding agreement I had with them was a signed offer letter which set my yearly salary, bonus terms and equity. Without any warning last week they told all their employees (and contract workers like me) that they were out of funding, after they had assured us that the company was fine financially until the end of March, so no one has been paid for February or any of March. So they owe me a lot of money for work I've already done. There is talk now of restructuring the company with an "insolvency practitioner" and doing a CVA (Company Voluntary Arrangement,) all British terms that I am unfamiliar with. I know it is something like bankruptcy. Does anybody know anything about this? Is there any way I can stake my claim so that if this does happen, I am at least in line to get some or all of what is owed to me? Is there something I should be filing, and if so with whom? I am still officially working for them (even though I haven't been doing any work since this whole debacle began about a week ago... there is nothing to do) because I haven't quit and I haven't been officially let go. Can anybody help? tag:ask.metafilter.com,2008:site.86303 Sun, 16 Mar 2008 18:52:24 -0800 bankruptcy CVA employee insolvency money owed UK semidivine