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Knowledge of a bankruptcy

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If the company has no knowledge of a bankruptcy, how can they comply when a company goes under and will no longer pay them. So, what happens?

The company should tell employees of potential money problems with suppliers, customers, etcetera so everyone knows. It would seem to me that the good employees would see or hear the information and "jump ship" to find a new job. Now the problem has been compounded. At what point does information reach proprietary importance so the company can remain in business in hard times?

Reference no: EM132880463

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