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Bankruptcy Law

University of Michigan Law School

Journal

1932

Employee classes

Articles 1 - 1 of 1

Full-Text Articles in Law

Insolvency Statutes Preferring Wages Due Employees, Paul G. Kauper Feb 1932

Insolvency Statutes Preferring Wages Due Employees, Paul G. Kauper

Michigan Law Review

Insolvency statutes of a majority of American states and the bankruptcy acts of the United States and England allow a preference to the claims of employees for wages accruing prior to the employer's insolvency or bankruptcy. Related types of legislation such as statutes creating an absolute lien on the employer's property to secure payment of wages, giving a preference to the employees of a deceased employer in the administration of his estate, exempting the wages of laborers from attachment or garnishment, making stockholders of a corporation individually liable for debts representing wages due employees, allowing employees to interpose their claims …