Page 3 of 3 FirstFirst 1 2 3
Results 21 to 24 of 24
  1. #21
    Join Date
    Oct 2006
    Posts
    15,931

    Default Re: Sign on Bonus - Sears Bankruptcy - New Company Acquires - Resignation - Return Bo

    Quote Quoting budwad
    View Post
    Complete and total diarrhea of the mouth. Now you, the account, is an expert in corporate actuations in bankruptcy law. Why don't you explain the terminology that you believe I don't understand.
    You keep stating that they purchased the whole company when the information you cited clearly shows that they did not. I just don't understand why you ALWAYS refuse to admit that you got something wrong. Several other people besides me have tried to explain that to you in this thread.

    And by the way, sales of companies, in and out of bankruptcy, is a required subject for an accounting degree.

  2. #22
    Join Date
    Jan 2011
    Posts
    316

    Default Re: Sign on Bonus - Sears Bankruptcy - New Company Acquires - Resignation - Return Bo

    Quote Quoting llworking
    View Post
    The question is whether or not they purchased employee contracts of the specific employees to whom they offered jobs, and whether or not those contracts were even an asset that could be purchased.
    So where could the OP find this information?

  3. #23
    Join Date
    Oct 2006
    Posts
    15,931

    Default Re: Sign on Bonus - Sears Bankruptcy - New Company Acquires - Resignation - Return Bo

    Quote Quoting bcr229
    View Post
    So where could the OP find this information?
    He/she would probably need to take the contract he originally signed to an employment attorney for an opinion as to whether or not it was a saleable asset. I don't know how he could find out whether or not the contract was actually purchased by the new company.

  4. #24
    Join Date
    Nov 2013
    Posts
    6,661

    Default Re: Sign on Bonus - Sears Bankruptcy - New Company Acquires - Resignation - Return Bo

    Quote Quoting llworking
    View Post
    You keep stating that they purchased the whole company when the information you cited clearly shows that they did not. I just don't understand why you ALWAYS refuse to admit that you got something wrong. Several other people besides me have tried to explain that to you in this thread.

    And by the way, sales of companies, in and out of bankruptcy, is a required subject for an accounting degree.
    I never said that TransformCo purchased the entirety of Sears.

    It is obvious from what I posted that TransformCo did not purchase the entirety of Sears. But it stands to reason that if OP is receiving correspondences saying they owe the signing bonus that TransformCo purchased the portion of Sears that OP worked for.

    You don't have any more info than I have on what TransformCo purchased. But if that part of Sears that was purchased has the contract with OP, then they owe the signing contract.

    1. Sponsored Links
       

Page 3 of 3 FirstFirst 1 2 3

Similar Threads

  1. Compensation and Overtime: Are You Still Entited to a Bonus After Resignation
    By MargieHellmuth in forum Employment and Labor
    Replies: 2
    Last Post: 06-13-2017, 12:24 PM
  2. Compensation and Overtime: Resignation and Bonus Pay
    By ERE in forum Employment and Labor
    Replies: 1
    Last Post: 06-09-2013, 02:56 PM
  3. Compensation and Overtime: Bonus Pay After Resignation Given
    By insameboatinaz in forum Employment and Labor
    Replies: 1
    Last Post: 05-12-2010, 09:32 PM
  4. Getting Fired: Leaving Company Without Fulfilling Terms - Can I Still Get My Sign On Bonus
    By jjank11 in forum Employment and Labor
    Replies: 1
    Last Post: 02-21-2008, 02:36 PM
 
 
Sponsored Links

Legal Help, Information and Resources