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Bankruptcy Does Not Excuse Worker Dues
According to the new Labor Law, the bankruptcy of a company does not exempt the employer from paying workers' entitlements. Employees' rights and social insurance contributions are considered priority payments from the debtor's funds and are to be settled before judicial expenses and other dues. The law emphasizes that employers remain jointly responsible for these payments, even in cases of liquidation, closure, or bankruptcy of the establishment. The timing of these payments is determined by the competent administrative authority, which oversees the enforcement process. Additionally, the law stresses that responsible authorized persons or those who have relinquished roles bear joint liability with the employer for financial obligations.
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