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Would killing the startup have gotten the employee paid? The threat would probably have gotten them a slow payment plan - but no attorney fees.
by creer 2y ago
Would killing the startup have gotten the employee paid? The threat would probably have gotten them a slow payment plan - but no attorney fees.
- mlsu 2y agoYes, it would. A missed paycheck brings you to the front of the debtor line, ahead of any bank or equity holder, when the company liquidates. The startup's owners would have been personally liable for paying out the employee in such a case.