Interesting, the commenter is from California, is there nothing like this in the US? https://www.canada.ca/en/employment-social-development/services/wage-earner

Interesting, the commenter is from California, is there nothing like this in the US? https://www.canada.ca/en/employment-social-development/services/wage-earner-protection.html https://www.canada.ca/en/employment-social-development/servi... In Canada my understanding is that, if a company files for bankruptcy and you’re owed back pay, certainly the first recourse is getting said back pay from whatever assets the company has. But if that stone is bled dry, and employees are still screwed, the government steps in and pays their back pay (up to ~$8.5K). Not a thing in the US? If it is a thing, the commenter would be smart to hold out for back pay. If they instead accept (almost certainly worthless) stock instead of back pay, they can likely no longer make claims like this if the company goes bankrupt.