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Old 09-08-2025 | 10:40 AM
  #144  
FriendlyPilot
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Originally Posted by BusBoi
Thanks for the insight. Once the paycheck hits my bank account, is it fully truly "my money"? Does the out-of-business company have any legal right to claw back a paycheck, or are they just trying to money-grab whatever they can?
ACH transactions can be reversed. Also wages are priority claims, but are limited in how much get paid and how long it takes. Don't expect that last paycheck to show up anytime soon, and there might not be enough after secured creditors are paid. The rest would be prorated, but high income earners like pilots would probably get a substantially lower final paycheck, if any, and a few months late.
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