Add Comment Question: Hello, can a company that has filed bankruptcy but still operating to liquidate for another month deny an employee their accumulated vacation pay....isint that money earned and owed? Answer: Thank you for your question. Generally, in a bankruptcy situation, it is not a question of entitlement. An employee would be entitled to accrued but unpaid earnings and vacation pay, along with severance pay. However, the issue is that in a bankruptcy situation, the Company may not have the ability to pay. In most cases, an employee would not get their full entitlements, if they get any payments at all. Please contact us at your earliest convenience to schedule a more fulsome assessment. Your Comment * Your Email * Your Name * Your City Note, your name, city and email is not displayed on the website. It is used to notify you that we have approved your comment.