Supreme Court: Workers Comp Premiums Not Priority in Bankruptcy

By | June 20, 2006

  • May 9, 2016 at 10:19 pm
    Larry Hamby says:
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    I own a security training company that trains and licenses security guards. As part of that I also have a private patrol operators license that allows me to put guards to work in the industry. I took over a contract in October 2013 at a very low rate from the client just to get the contract. The monthly income was approximately 27000.00 but the payroll was nearly always right at that same amount. I think I made less than 2.00 per guard per hour. I lost that contract November 2015 and figured that was the end of it.

    now I get a notice from State Fund Workers comp that I owe them over 16,000.00 and they want it now or will send me to collections.

    I don’t have 16,000.00, have never had or seen 16,000.00 nor will I ever see 16,000.00.

    My training company is seeing a huge downturn and I’m barely making ends meet. I’m having to sell my house cause I just can’t afford to live there after 14 years in the same place.

    This is totally ruining my life and I’m right at 70 years old.

    if I file for bankruptcy, will that help? not sure what to do. I’m at my wits end.



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