Bankrupt Company and your Retirement

Many businesses do not succeed and end up in judicial recovery and bankruptcy, which means the end of a company. This can cause problems for those who will retire and depend on documents that prove the time of contribution, for example, of a bankrupt company.

To prove affiliation to Social Security, salary and contribution time are used in the information contained in the National Registry of Social Information-CNIS of INSS. However, this information is not always correct, which may harm the insured at the time the benefit is granted.

Documentation

Companies that went bankrupt if they did not protect their documents, accounting records, labor, taxable, among others. All this generates a significant loss to the insured. The proof of the contribution time and the service time is not always easy.

Having access to your employment documents may make a difference in the final value of the retirement benefit. If there is a discrepancy in your benefits and the company has gone bankrupt, look for the receiver of the bankrupt estate, former company workers’ retirement processes, or the bankruptcy trustee.

Labor Court

The employer (former employer) and the trustee are obliged to provide the worker’s documentation. If this does not occur and a friendly attempt does not succeed in getting your documents, an action in the Labor Court should resolve.

Contact a Rio Grande bankruptcy attorney if you find yourself without enough savings to carry you through your retirement years.