Pensions and Bankruptcy

We assume people are looking for information regarding their pensions & the organizations that contribute to them…specifically what happens if the employer/contributor files for bankruptcy…

So, what is the treatment of pensions if an employer files for bankruptcy?

Take a look at this link from California:

http://www.napavalleyregister.com/articles/2008/

and here are a few articles dealing with this issue in regards to the automakers:

http://www.financialsense.com/fsu/editorials/urban/2008/1119.html

http://gazettextra.com/news/2008/nov/30/

http://agonist.org/cody_lyon/20081123/if_detroit_fails_what_about_the_pensions

& a article translated from Russian:

http://english.pravda.ru/world/americas/

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