Art. 110.

WORKER PREFERENCE IN CASE OF BANKRUPTCY

- Workers shall enjoy first preference as regards their unpaid wages & other monetary
claims, any provision of law to the contrary notwithstanding.
- Unpaid wages earned by EEs before the declaration of bankruptcy or judicial liquidation of
the ERs business shall be given first preference & shall be paid in full before other creditors
may establish any claim to share in the assets of the employer.
- Not only unpaid wages, but also other monetary claims to w/c even claims of the govt must
be deemed subordinate.
n/a in case the ER-corp is under rehabilitation.
Conditions:
1. Formal declaration of insolvency or bankruptcy;
2. General judicial liquidation proceedings of the ERs business; and
3. Filing of claims by workers.
4. Art. 110. WORKER PREFERENCE IN CASE OF BANKRUPTCY
5. Workers shall enjoy first preference as regards their unpaid wages & other monetary
claims, any provision of law to the contrary notwithstanding.
6. Unpaid wages earned by EEs before the declaration of bankruptcy or judicial liquidation of
the ERs business shall be given first preference & shall be paid in full before other creditors
may establish any claim to share in the assets of the employer.
7. Not only unpaid wages, but also other monetary claims to w/c even claims of the govt must
be deemed subordinate.
8. n/a in case the ER-corp is under rehabilitation.
9.
10. Conditions:
11. Formal declaration of insolvency or bankruptcy;
12. General judicial liquidation proceedings of the ERs business; and
13. Filing of claims by workers.
14.Art. 110. WORKER PREFERENCE IN CASE OF BANKRUPTCY
15. Workers shall enjoy first preference as regards their unpaid wages & other monetary
claims, any provision of law to the contrary notwithstanding.
16. Unpaid wages earned by EEs before the declaration of bankruptcy or judicial liquidation of
the ERs business shall be given first preference & shall be paid in full before other creditors
may establish any claim to share in the assets of the employer.
17. Not only unpaid wages, but also other monetary claims to w/c even claims of the govt must
be deemed subordinate.
18. n/a in case the ER-corp is under rehabilitation.
19.
20. Conditions:
21. Formal declaration of insolvency or bankruptcy;
22. General judicial liquidation proceedings of the ERs business; and
23. Filing of claims by workers.
24.Art. 110. WORKER PREFERENCE IN CASE OF BANKRUPTCY
25. Workers shall enjoy first preference as regards their unpaid wages & other monetary
claims, any provision of law to the contrary notwithstanding.
26. Unpaid wages earned by EEs before the declaration of bankruptcy or judicial liquidation of
the ERs business shall be given first preference & shall be paid in full before other creditors
may establish any claim to share in the assets of the employer.
27. Not only unpaid wages, but also other monetary claims to w/c even claims of the govt must
be deemed subordinate.
28. n/a in case the ER-corp is under rehabilitation.
29.
30. Conditions:
31. Formal declaration of insolvency or bankruptcy;

32. General judicial liquidation proceedings of the ERs business; and

33. Filing of claims by workers.
34.Art. 110. WORKER PREFERENCE IN CASE OF BANKRUPTCY
35. Workers shall enjoy first preference as regards their unpaid wages & other monetary
claims, any provision of law to the contrary notwithstanding.
36. Unpaid wages earned by EEs before the declaration of bankruptcy or judicial liquidation of
the ERs business shall be given first preference & shall be paid in full before other creditors
may establish any claim to share in the assets of the employer.
37. Not only unpaid wages, but also other monetary claims to w/c even claims of the govt must
be deemed subordinate.
38. n/a in case the ER-corp is under rehabilitation.
39.
40. Conditions:
41. Formal declaration of insolvency or bankruptcy;
42. General judicial liquidation proceedings of the ERs business; and
43. Filing of claims by workers.
44.Art. 110. WORKER PREFERENCE IN CASE OF BANKRUPTCY
45. Workers shall enjoy first preference as regards their unpaid wages & other monetary
claims, any provision of law to the contrary notwithstanding.
46. Unpaid wages earned by EEs before the declaration of bankruptcy or judicial liquidation of
the ERs business shall be given first preference & shall be paid in full before other creditors
may establish any claim to share in the assets of the employer.
47. Not only unpaid wages, but also other monetary claims to w/c even claims of the govt must
be deemed subordinate.
48. n/a in case the ER-corp is under rehabilitation.
49.
50. Conditions:
51. Formal declaration of insolvency or bankruptcy;
52. General judicial liquidation proceedings of the ERs business; and
53. Filing of claims by workers.
54.Art. 110. WORKER PREFERENCE IN CASE OF BANKRUPTCY
55. Workers shall enjoy first preference as regards their unpaid wages & other monetary
claims, any provision of law to the contrary notwithstanding.
56. Unpaid wages earned by EEs before the declaration of bankruptcy or judicial liquidation of
the ERs business shall be given first preference & shall be paid in full before other creditors
may establish any claim to share in the assets of the employer.
57. Not only unpaid wages, but also other monetary claims to w/c even claims of the govt must
be deemed subordinate.
58. n/a in case the ER-corp is under rehabilitation.
59.
60. Conditions:
61. Formal declaration of insolvency or bankruptcy;
62. General judicial liquidation proceedings of the ERs business; and
63. Filing of claims by workers.
64.Art. 110. WORKER PREFERENCE IN CASE OF BANKRUPTCY
65. Workers shall enjoy first preference as regards their unpaid wages & other monetary
claims, any provision of law to the contrary notwithstanding.
66. Unpaid wages earned by EEs before the declaration of bankruptcy or judicial liquidation of
the ERs business shall be given first preference & shall be paid in full before other creditors
may establish any claim to share in the assets of the employer.
67. Not only unpaid wages, but also other monetary claims to w/c even claims of the govt must
be deemed subordinate.
68. n/a in case the ER-corp is under rehabilitation.
69.
70. Conditions:

71. Formal declaration of insolvency or bankruptcy;

72. General judicial liquidation proceedings of the ERs business; and
73. Filing of claims by workers.
74.Art. 110. WORKER PREFERENCE IN CASE OF BANKRUPTCY
75. Workers shall enjoy first preference as regards their unpaid wages & other monetary
claims, any provision of law to the contrary notwithstanding.
76. Unpaid wages earned by EEs before the declaration of bankruptcy or judicial liquidation of
the ERs business shall be given first preference & shall be paid in full before other creditors
may establish any claim to share in the assets of the employer.
77. Not only unpaid wages, but also other monetary claims to w/c even claims of the govt must
be deemed subordinate.
78. n/a in case the ER-corp is under rehabilitation.
79.
80. Conditions:
81. Formal declaration of insolvency or bankruptcy;
82. General judicial liquidation proceedings of the ERs business; and
83. Filing of claims by workers.
84.Art. 110. WORKER PREFERENCE IN CASE OF BANKRUPTCY
85. Workers shall enjoy first preference as regards their unpaid wages & other monetary
claims, any provision of law to the contrary notwithstanding.
86. Unpaid wages earned by EEs before the declaration of bankruptcy or judicial liquidation of
the ERs business shall be given first preference & shall be paid in full before other creditors
may establish any claim to share in the assets of the employer.
87. Not only unpaid wages, but also other monetary claims to w/c even claims of the govt must
be deemed subordinate.
88. n/a in case the ER-corp is under rehabilitation.
89.
90. Conditions:
91. Formal declaration of insolvency or bankruptcy;
92. General judicial liquidation proceedings of the ERs business; and
93. Filing of claims by workers.
94.Art. 110. WORKER PREFERENCE IN CASE OF BANKRUPTCY
95. Workers shall enjoy first preference as regards their unpaid wages & other monetary
claims, any provision of law to the contrary notwithstanding.
96. Unpaid wages earned by EEs before the declaration of bankruptcy or judicial liquidation of
the ERs business shall be given first preference & shall be paid in full before other creditors
may establish any claim to share in the assets of the employer.
97. Not only unpaid wages, but also other monetary claims to w/c even claims of the govt must
be deemed subordinate.
98. n/a in case the ER-corp is under rehabilitation.
99.
100.
Conditions:
101.
Formal declaration of insolvency or bankruptcy;
102.
General judicial liquidation proceedings of the ERs business; and
103.
Filing of claims by workers.
104.
Art. 110. WORKER PREFERENCE IN CASE OF BANKRUPTCY
105.
Workers shall enjoy first preference as regards their unpaid wages & other
monetary claims, any provision of law to the contrary notwithstanding.
106.
Unpaid wages earned by EEs before the declaration of bankruptcy or judicial
liquidation of the ERs business shall be given first preference & shall be paid in full before
other creditors may establish any claim to share in the assets of the employer.
107.
Not only unpaid wages, but also other monetary claims to w/c even claims of the
govt must be deemed subordinate.
108.
n/a in case the ER-corp is under rehabilitation.
109.

110.
111.

Conditions:
Formal declaration of insolvency or bankruptcy;
112.
General judicial liquidation proceedings of the ERs business; and
113.
Filing of claims by workers.
114.
Art. 110. WORKER PREFERENCE IN CASE OF BANKRUPTCY
115.
Workers shall enjoy first preference as regards their unpaid wages & other
monetary claims, any provision of law to the contrary notwithstanding.
116.
Unpaid wages earned by EEs before the declaration of bankruptcy or judicial
liquidation of the ERs business shall be given first preference & shall be paid in full before
other creditors may establish any claim to share in the assets of the employer.
117.
Not only unpaid wages, but also other monetary claims to w/c even claims of the
govt must be deemed subordinate.
118.
n/a in case the ER-corp is under rehabilitation.
119.
120.
Conditions:
121.
Formal declaration of insolvency or bankruptcy;
122.
General judicial liquidation proceedings of the ERs business; and
123.
Filing of claims by workers.
124.
Art. 110. WORKER PREFERENCE IN CASE OF BANKRUPTCY
125.
Workers shall enjoy first preference as regards their unpaid wages & other
monetary claims, any provision of law to the contrary notwithstanding.
126.
Unpaid wages earned by EEs before the declaration of bankruptcy or judicial
liquidation of the ERs business shall be given first preference & shall be paid in full before
other creditors may establish any claim to share in the assets of the employer.
127.
Not only unpaid wages, but also other monetary claims to w/c even claims of the
govt must be deemed subordinate.
128.
n/a in case the ER-corp is under rehabilitation.
129.
130.
Conditions:
131.
Formal declaration of insolvency or bankruptcy;
132.
General judicial liquidation proceedings of the ERs business; and
133.
Filing of claims by workers.
134.
Art. 110. WORKER PREFERENCE IN CASE OF BANKRUPTCY
135.
Workers shall enjoy first preference as regards their unpaid wages & other
monetary claims, any provision of law to the contrary notwithstanding.
136.
Unpaid wages earned by EEs before the declaration of bankruptcy or judicial
liquidation of the ERs business shall be given first preference & shall be paid in full before
other creditors may establish any claim to share in the assets of the employer.
137.
Not only unpaid wages, but also other monetary claims to w/c even claims of the
govt must be deemed subordinate.
138.
n/a in case the ER-corp is under rehabilitation.
139.
140.
Conditions:
141.
Formal declaration of insolvency or bankruptcy;
142.
General judicial liquidation proceedings of the ERs business; and
143.
Filing of claims by workers.
144.
Art. 110. WORKER PREFERENCE IN CASE OF BANKRUPTCY
145.
Workers shall enjoy first preference as regards their unpaid wages & other
monetary claims, any provision of law to the contrary notwithstanding.
146.
Unpaid wages earned by EEs before the declaration of bankruptcy or judicial
liquidation of the ERs business shall be given first preference & shall be paid in full before
other creditors may establish any claim to share in the assets of the employer.
147.
Not only unpaid wages, but also other monetary claims to w/c even claims of the
govt must be deemed subordinate.
148.
n/a in case the ER-corp is under rehabilitation.

149.
150.
151.

Conditions:
Formal declaration of insolvency or bankruptcy;
152.
General judicial liquidation proceedings of the ERs business; and
153.
Filing of claims by workers.
154.
Art. 110. WORKER PREFERENCE IN CASE OF BANKRUPTCY
155.
Workers shall enjoy first preference as regards their unpaid wages & other
monetary claims, any provision of law to the contrary notwithstanding.
156.
Unpaid wages earned by EEs before the declaration of bankruptcy or judicial
liquidation of the ERs business shall be given first preference & shall be paid in full before
other creditors may establish any claim to share in the assets of the employer.
157.
Not only unpaid wages, but also other monetary claims to w/c even claims of the
govt must be deemed subordinate.
158.
n/a in case the ER-corp is under rehabilitation.
159.
160.
Conditions:
161.
Formal declaration of insolvency or bankruptcy;
162.
General judicial liquidation proceedings of the ERs business; and
163.
Filing of claims by workers.
164.
Art. 110. WORKER PREFERENCE IN CASE OF BANKRUPTCY
165.
Workers shall enjoy first preference as regards their unpaid wages & other
monetary claims, any provision of law to the contrary notwithstanding.
166.
Unpaid wages earned by EEs before the declaration of bankruptcy or judicial
liquidation of the ERs business shall be given first preference & shall be paid in full before
other creditors may establish any claim to share in the assets of the employer.
167.
Not only unpaid wages, but also other monetary claims to w/c even claims of the
govt must be deemed subordinate.
168.
n/a in case the ER-corp is under rehabilitation.
169.
170.
Conditions:
171.
Formal declaration of insolvency or bankruptcy;
172.
General judicial liquidation proceedings of the ERs business; and
173.
Filing of claims by workers.
174.
Art. 110. WORKER PREFERENCE IN CASE OF BANKRUPTCY
175.
Workers shall enjoy first preference as regards their unpaid wages & other
monetary claims, any provision of law to the contrary notwithstanding.
176.
Unpaid wages earned by EEs before the declaration of bankruptcy or judicial
liquidation of the ERs business shall be given first preference & shall be paid in full before
other creditors may establish any claim to share in the assets of the employer.
177.
Not only unpaid wages, but also other monetary claims to w/c even claims of the
govt must be deemed subordinate.
178.
n/a in case the ER-corp is under rehabilitation.
179.
180.
Conditions:
181.
Formal declaration of insolvency or bankruptcy;
182.
General judicial liquidation proceedings of the ERs business; and
183.
Filing of claims by workers.
184.
Art. 110. WORKER PREFERENCE IN CASE OF BANKRUPTCY
185.
Workers shall enjoy first preference as regards their unpaid wages & other
monetary claims, any provision of law to the contrary notwithstanding.
186.
Unpaid wages earned by EEs before the declaration of bankruptcy or judicial
liquidation of the ERs business shall be given first preference & shall be paid in full before
other creditors may establish any claim to share in the assets of the employer.
187.
Not only unpaid wages, but also other monetary claims to w/c even claims of the
govt must be deemed subordinate.

188.
189.
190.
191.

n/a in case the ER-corp is under rehabilitation.

Conditions:
Formal declaration of insolvency or bankruptcy;
192.
General judicial liquidation proceedings of the ERs business; and
193.
Filing of claims by workers.
194.
Art. 110. WORKER PREFERENCE IN CASE OF BANKRUPTCY
195.
Workers shall enjoy first preference as regards their unpaid wages & other
monetary claims, any provision of law to the contrary notwithstanding.
196.
Unpaid wages earned by EEs before the declaration of bankruptcy or judicial
liquidation of the ERs business shall be given first preference & shall be paid in full before
other creditors may establish any claim to share in the assets of the employer.
197.
Not only unpaid wages, but also other monetary claims to w/c even claims of the
govt must be deemed subordinate.
198.
n/a in case the ER-corp is under rehabilitation.
199.
200.
Conditions:
201.
Formal declaration of insolvency or bankruptcy;
202.
General judicial liquidation proceedings of the ERs business; and
203.
Filing of claims by workers.
204.
Art. 110. WORKER PREFERENCE IN CASE OF BANKRUPTCY
205.
Workers shall enjoy first preference as regards their unpaid wages & other
monetary claims, any provision of law to the contrary notwithstanding.
206.
Unpaid wages earned by EEs before the declaration of bankruptcy or judicial
liquidation of the ERs business shall be given first preference & shall be paid in full before
other creditors may establish any claim to share in the assets of the employer.
207.
Not only unpaid wages, but also other monetary claims to w/c even claims of the
govt must be deemed subordinate.
208.
n/a in case the ER-corp is under rehabilitation.
209.
210.
Conditions:
211.
Formal declaration of insolvency or bankruptcy;
212.
General judicial liquidation proceedings of the ERs business; and
213.
Filing of claims by workers.
214.
Art. 110. WORKER PREFERENCE IN CASE OF BANKRUPTCY
215.
Workers shall enjoy first preference as regards their unpaid wages & other
monetary claims, any provision of law to the contrary notwithstanding.
216.
Unpaid wages earned by EEs before the declaration of bankruptcy or judicial
liquidation of the ERs business shall be given first preference & shall be paid in full before
other creditors may establish any claim to share in the assets of the employer.
217.
Not only unpaid wages, but also other monetary claims to w/c even claims of the
govt must be deemed subordinate.
218.
n/a in case the ER-corp is under rehabilitation.
219.
220.
Conditions:
221.
Formal declaration of insolvency or bankruptcy;
222.
General judicial liquidation proceedings of the ERs business; and
223.
Filing of claims by workers.
224.
Art. 110. WORKER PREFERENCE IN CASE OF BANKRUPTCY
225.
Workers shall enjoy first preference as regards their unpaid wages & other
monetary claims, any provision of law to the contrary notwithstanding.
226.
Unpaid wages earned by EEs before the declaration of bankruptcy or judicial
liquidation of the ERs business shall be given first preference & shall be paid in full before
other creditors may establish any claim to share in the assets of the employer.
227.
Not only unpaid wages, but also other monetary claims to w/c even claims of the

govt must be deemed subordinate.

n/a in case the ER-corp is under rehabilitation.
229.
230.
Conditions:
231.
Formal declaration of insolvency or bankruptcy;
232.
General judicial liquidation proceedings of the ERs business; and
233.
Filing of claims by workers.
234.
Art. 110. WORKER PREFERENCE IN CASE OF BANKRUPTCY
235.
Workers shall enjoy first preference as regards their unpaid wages & other
monetary claims, any provision of law to the contrary notwithstanding.
236.
Unpaid wages earned by EEs before the declaration of bankruptcy or judicial
liquidation of the ERs business shall be given first preference & shall be paid in full before
other creditors may establish any claim to share in the assets of the employer.
237.
Not only unpaid wages, but also other monetary claims to w/c even claims of the
govt must be deemed subordinate.
238.
n/a in case the ER-corp is under rehabilitation.
239.
240.
Conditions:
241.
Formal declaration of insolvency or bankruptcy;
242.
General judicial liquidation proceedings of the ERs business; and
243.
Filing of claims by workers.
244.
Art. 110. WORKER PREFERENCE IN CASE OF BANKRUPTCY
245.
Workers shall enjoy first preference as regards their unpaid wages & other
monetary claims, any provision of law to the contrary notwithstanding.
246.
Unpaid wages earned by EEs before the declaration of bankruptcy or judicial
liquidation of the ERs business shall be given first preference & shall be paid in full before
other creditors may establish any claim to share in the assets of the employer.
247.
Not only unpaid wages, but also other monetary claims to w/c even claims of the
govt must be deemed subordinate.
248.
n/a in case the ER-corp is under rehabilitation.
249.
250.
Conditions:
251.
Formal declaration of insolvency or bankruptcy;
252.
General judicial liquidation proceedings of the ERs business; and
253.
Filing of claims by workers.
254.
Art. 110. WORKER PREFERENCE IN CASE OF BANKRUPTCY
255.
Workers shall enjoy first preference as regards their unpaid wages & other
monetary claims, any provision of law to the contrary notwithstanding.
256.
Unpaid wages earned by EEs before the declaration of bankruptcy or judicial
liquidation of the ERs business shall be given first preference & shall be paid in full before
other creditors may establish any claim to share in the assets of the employer.
257.
Not only unpaid wages, but also other monetary claims to w/c even claims of the
govt must be deemed subordinate.
258.
n/a in case the ER-corp is under rehabilitation.
259.
260.
Conditions:
261.
Formal declaration of insolvency or bankruptcy;
262.
General judicial liquidation proceedings of the ERs business; and
263.
Filing of claims by workers.
264.
Art. 110. WORKER PREFERENCE IN CASE OF BANKRUPTCY
265.
Workers shall enjoy first preference as regards their unpaid wages & other
monetary claims, any provision of law to the contrary notwithstanding.
266.
Unpaid wages earned by EEs before the declaration of bankruptcy or judicial
liquidation of the ERs business shall be given first preference & shall be paid in full before
other creditors may establish any claim to share in the assets of the employer.

228.

267.
Not only unpaid wages, but also other monetary claims to w/c even claims of the
govt must be deemed subordinate.
268.
n/a in case the ER-corp is under rehabilitation.
269.
270.
Conditions:
271.
Formal declaration of insolvency or bankruptcy;
272.
General judicial liquidation proceedings of the ERs business; and
273.
Filing of claims by workers.
274.
Art. 110. WORKER PREFERENCE IN CASE OF BANKRUPTCY
275.
Workers shall enjoy first preference as regards their unpaid wages & other
monetary claims, any provision of law to the contrary notwithstanding.
276.
Unpaid wages earned by EEs before the declaration of bankruptcy or judicial
liquidation of the ERs business shall be given first preference & shall be paid in full before
other creditors may establish any claim to share in the assets of the employer.
277.
Not only unpaid wages, but also other monetary claims to w/c even claims of the
govt must be deemed subordinate.
278.
n/a in case the ER-corp is under rehabilitation.
279.
280.
Conditions:
281.
Formal declaration of insolvency or bankruptcy;
282.
General judicial liquidation proceedings of the ERs business; and
283.
Filing of claims by workers.
284.
Art. 110. WORKER PREFERENCE IN CASE OF BANKRUPTCY
285.
Workers shall enjoy first preference as regards their unpaid wages & other
monetary claims, any provision of law to the contrary notwithstanding.
286.
Unpaid wages earned by EEs before the declaration of bankruptcy or judicial
liquidation of the ERs business shall be given first preference & shall be paid in full before
other creditors may establish any claim to share in the assets of the employer.
287.
Not only unpaid wages, but also other monetary claims to w/c even claims of the
govt must be deemed subordinate.
288.
n/a in case the ER-corp is under rehabilitation.
289.
290.
Conditions:
291.
Formal declaration of insolvency or bankruptcy;
292.
General judicial liquidation proceedings of the ERs business; and
293.
Filing of claims by workers.
294.
Art. 110. WORKER PREFERENCE IN CASE OF BANKRUPTCY
295.
Workers shall enjoy first preference as regards their unpaid wages & other
monetary claims, any provision of law to the contrary notwithstanding.
296.
Unpaid wages earned by EEs before the declaration of bankruptcy or judicial
liquidation of the ERs business shall be given first preference & shall be paid in full before
other creditors may establish any claim to share in the assets of the employer.
297.
Not only unpaid wages, but also other monetary claims to w/c even claims of the
govt must be deemed subordinate.
298.
n/a in case the ER-corp is under rehabilitation.
299.
300.
Conditions:
301.
Formal declaration of insolvency or bankruptcy;
302.
General judicial liquidation proceedings of the ERs business; and
303.
Filing of claims by workers.
304.
Art. 110. WORKER PREFERENCE IN CASE OF BANKRUPTCY
305.
Workers shall enjoy first preference as regards their unpaid wages & other
monetary claims, any provision of law to the contrary notwithstanding.
306.
Unpaid wages earned by EEs before the declaration of bankruptcy or judicial
liquidation of the ERs business shall be given first preference & shall be paid in full before

other creditors may establish any claim to share in the assets of the employer.
307.
Not only unpaid wages, but also other monetary claims to w/c even claims of the
govt must be deemed subordinate.
308.
n/a in case the ER-corp is under rehabilitation.
309.
310.
Conditions:
311.
Formal declaration of insolvency or bankruptcy;
312.
General judicial liquidation proceedings of the ERs business; and
313.
Filing of claims by workers.
314.
Art. 110. WORKER PREFERENCE IN CASE OF BANKRUPTCY
315.
Workers shall enjoy first preference as regards their unpaid wages & other
monetary claims, any provision of law to the contrary notwithstanding.
316.
Unpaid wages earned by EEs before the declaration of bankruptcy or judicial
liquidation of the ERs business shall be given first preference & shall be paid in full before
other creditors may establish any claim to share in the assets of the employer.
317.
Not only unpaid wages, but also other monetary claims to w/c even claims of the
govt must be deemed subordinate.
318.
n/a in case the ER-corp is under rehabilitation.
319.
320.
Conditions:
321.
Formal declaration of insolvency or bankruptcy;
322.
General judicial liquidation proceedings of the ERs business; and
323.
Filing of claims by workers.
324.
Art. 110. WORKER PREFERENCE IN CASE OF BANKRUPTCY
325.
Workers shall enjoy first preference as regards their unpaid wages & other
monetary claims, any provision of law to the contrary notwithstanding.
326.
Unpaid wages earned by EEs before the declaration of bankruptcy or judicial
liquidation of the ERs business shall be given first preference & shall be paid in full before
other creditors may establish any claim to share in the assets of the employer.
327.
Not only unpaid wages, but also other monetary claims to w/c even claims of the
govt must be deemed subordinate.
328.
n/a in case the ER-corp is under rehabilitation.
329.
330.
Conditions:
331.
Formal declaration of insolvency or bankruptcy;
332.
General judicial liquidation proceedings of the ERs business; and
333.
Filing of claims by workers.
334.
Art. 110. WORKER PREFERENCE IN CASE OF BANKRUPTCY
335.
Workers shall enjoy first preference as regards their unpaid wages & other
monetary claims, any provision of law to the contrary notwithstanding.
336.
Unpaid wages earned by EEs before the declaration of bankruptcy or judicial
liquidation of the ERs business shall be given first preference & shall be paid in full before
other creditors may establish any claim to share in the assets of the employer.
337.
Not only unpaid wages, but also other monetary claims to w/c even claims of the
govt must be deemed subordinate.
338.
n/a in case the ER-corp is under rehabilitation.
339.
340.
Conditions:
341.
Formal declaration of insolvency or bankruptcy;
342.
General judicial liquidation proceedings of the ERs business; and
343.
Filing of claims by workers.
344.
Art. 110. WORKER PREFERENCE IN CASE OF BANKRUPTCY
345.
Workers shall enjoy first preference as regards their unpaid wages & other
monetary claims, any provision of law to the contrary notwithstanding.
346.
Unpaid wages earned by EEs before the declaration of bankruptcy or judicial

liquidation of the ERs business shall be given first preference & shall be paid in full before
other creditors may establish any claim to share in the assets of the employer.
347.
Not only unpaid wages, but also other monetary claims to w/c even claims of the
govt must be deemed subordinate.
348.
n/a in case the ER-corp is under rehabilitation.
349.
350.
Conditions:
351.
Formal declaration of insolvency or bankruptcy;
352.
General judicial liquidation proceedings of the ERs business; and
353.
Filing of claims by workers.