Marc Mandelman Quoted in “Your Company Went Bankrupt: Now What?”TheSteet April 21, 2011
Marc A. Mandelman, a Member of the Firm in the Labor and Employment practice, in the firm’s New York office, was quoted by the TheStreet, in “Your Company Went Bankrupt: Now What?” by Jeanine Skowronski.
Following is an excerpt:
Mandelman points out that employees laid off during a bankruptcy will still be eligible to sign up for extended health benefits through the Consolidated Omnibus Budget Reconciliation Act of 1985 or COBRA, a law giving people the right to keep their health insurance coverage for up to 18 months after being laid off, as long as they were originally under a group health care plan. …
One spot of good news is that employees who lose their job through bankruptcy will be eligible to collect unemployment.
“Anyone who is laid off is eligible,” Mandelman says.