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Greetings! I have a question concerning bounced paychecks. The company I work for has been writing bad checks for at least two years. It was happening every once in a while, but it's gotten to the point where people have had to hold their checks for AT LEAST three weeks! I have been out of work for the past few months due to an injury, so I'm receiving workers comp checks (thank the gods they don't bounce.)
As always, the owner promises that things are getting better since the work flow is becoming more steady, but checks are still bouncing like jumping beans. Here's the catch 22. If anyone files a complaint with the DoL, or BBB, the company would go under in a heartbeat (the owner is about $50k in debt as it is) and everyone would be out of a job, and with job market the way that it is, it would hurt big time.
Look for another job ASAP while you have the chance. The owner has cashflow issues and it wouldn't be uncommon for a bank to recall its loans/lines of credit if it feels there is risk - so that debt may come due unexpectedly.
Chances are you're going to be looking for a job soon regardless.
The fact that a company can't even keep up wth fixed expenses such as payroll suggests to me they will soon be in bankruptcy court.
So what do you guys have to lose? Sue the BS out of them. They still owe you money for the hours you worked and they will still be required to pay that.
I would probably just find a new job and get out of dodge.
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