My employer is about to go bankrupt or have their bank accounts siezed. Is it ethical…..?
I am a construction estimator. I have about 10 large jobs over 0,000 that have not started. When they go bankrupt and can not do these projects or pay my salary, can I approach one of our competitors and offer my services with these large jobs.
Is it legal and ethical?
I do not want to burn any bridges.
Posted January 20th, 2010 in How To Go Bankrupt. Tagged: bridges, construction estimator, jobs, salary.
Depends.
Going bankrupt is re building the company and take more time to creditors to get paid. Including salaries.
Unless you under a contract for the jobs the are outstanding. You may approach and consult your competitors. I do recommend to wait until the company files for chapter 13
January 20th, 2010 at 2:18 amYes you can be sued for doing that however Ethics won’t pay the bills do what you need to and not get caught.
January 20th, 2010 at 2:18 amIf your employer goes bankrupt and cannot do the jobs or pay your salary, you should have no problem looking to competitors. You might want to check with an attorney to make sure your contract (if you have one) doesn’t preclude you from talking to a competitor.
January 20th, 2010 at 2:18 am