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What happens if company going under financially due to covid 19 how will employers get these severance payments?

If the company goes bankrupt, there is usually little that can be done as you would become an unsecured creditor.

However, if there are any assets left to satisfy your severance payments, usually something can still be negotiated.

As such, I would recommend you contact us at the number below if you have been let go and are looking for severance. Kindly note that the deadline to issue any claims for severance are two years from the date you first discovered your dismissal.
The Lawyers at Samfiru Tumarkin LLP
Direct Tel (Toll Free): 1-855-821-5900     Email: webquestions@stlawyers.ca     Web: www.stlawyers.ca
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