12- 170 C.M.R. ch. 3, § 5

Current through 2024-51, December 18, 2024

Section 170-3-5 - Insolvency of Employer

The Director shall make a determination of insolvency and the date of termination of business upon receipt of any of the following documentation:

A. An affidavit from the employer or employer's representative stating that the employer has no assets from which earned wages may be paid;

B. A copy of the employer's petition in bankruptcy;

C. Information from financial institutions regarding the employer's assets and operations; or

D. Other reliable information.

12- 170 C.M.R. ch. 3, § 5