This is a very complicated question without enough facts to be adequately answered. The first issue that needs to be determined is whether the company was incorporated? Second, did the company actually file for bankruptcy, or is the company broke? Third, how did the new owners acquire the company?
I suggest that your friend speak with the attorney representing the company and determine the answers to these questions. It also would be in your friends interest to talk with her own personal attorney (many attorneys offer free initial consultations) to determine what her rights are.
This is not intended to be legal advice, and is general in its nature. No attorney-client relationship exists or is formed by this information. Furthermore, this does not represent the views or opinions of LexisNexis or its affiliated companies.
Answered on Jul 11th, 2012 at 11:53 AM