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Tuesday, September 19, 2017

TOYS R US EMPLOYEES BEWARE OF THIS BANKRUPTCY SCHEME

If you work for "Toys "R" us particularly in Virginia, you are doubtless aware that the company is filing for bankruptcy protection. They may be about to pull a little scam to screw you out of unemployment benefits. Here's how it works (Magruders pulled this same crap):

They'll tell you that the company is "reorganizing" under Chapter 11 and say that a new company will be formed and in order to b e considered you must resign and re-apply.

WARNING! DO NOT RESIGN! IN VIRGINIA YOU WILL NOT BE ABLE TO COLLECT UNEMPLOYMENT BENEFITS IF YOU RESIGN AND IF TOYS ARE US DOES WHAT MAGRUDERS DID THEY WILL WAIT UNTIL EVERYBODY HAS RESIGNED AND SCREWED THEMSELVES OUT OF UNEMPLOYMENT AND OTHER BENEFITS AND THEN CHANGE FROM CHAPTER 11 REORGANIZATION TO STRAIGHT CHAPTER 7 LIQUIDATION.

Do not fall for this dirty trick, and don't believe the suits when they tell you everything's fine. It's not. Be careful and don't resign until you've found something else. Lotsa luck.

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