Page 3 of 3 FirstFirst 123
Results 21 to 28 of 28

Thread: Got laid off due to corona - feel like suing

  1. Top | #21
    Veteran Member
    Join Date
    Mar 2018
    Location
    New York
    Posts
    4,421
    Rep Power
    15
    Quote Originally Posted by Loren Pechtel View Post
    Quote Originally Posted by Koyaanisqatsi View Post

    You're not understanding how debt recovery works.
    The demand for debt collection will go up but that doesn't mean the amount collected will go up.
    Yes, it absolutely does. You clearly don’t understand the business model. There are always a certain percentage of deadbeats just out to game the system. Then there are a majority of people who are honest and want to pay off what they owe, but due to certain circumstances beyond their control, cannot and therefore need to arrange repayment schedules. Then there is a certain percentage that will simply have to declare bankruptcy, but that’s generally as a last resort, not a first.

    In this crisis, we will see a huge increase in all three categories, which leaves the majority in the camp of benefiting the company.

  2. Top | #22
    Super Moderator
    Join Date
    Sep 2000
    Location
    Nevada
    Posts
    27,148
    Archived
    96,752
    Total Posts
    123,900
    Rep Power
    100
    Quote Originally Posted by Koyaanisqatsi View Post
    Quote Originally Posted by Loren Pechtel View Post
    Quote Originally Posted by Koyaanisqatsi View Post

    You're not understanding how debt recovery works.
    The demand for debt collection will go up but that doesn't mean the amount collected will go up.
    Yes, it absolutely does. You clearly don’t understand the business model. There are always a certain percentage of deadbeats just out to game the system. Then there are a majority of people who are honest and want to pay off what they owe, but due to certain circumstances beyond their control, cannot and therefore need to arrange repayment schedules. Then there is a certain percentage that will simply have to declare bankruptcy, but that’s generally as a last resort, not a first.

    In this crisis, we will see a huge increase in all three categories, which leaves the majority in the camp of benefiting the company.
    The problem is there are a lot of people who simply won't have the money to pay the bill. Expect to see a flood of bankruptcy filings.

  3. Top | #23
    Veteran Member
    Join Date
    Mar 2018
    Location
    New York
    Posts
    4,421
    Rep Power
    15
    Quote Originally Posted by Loren Pechtel View Post
    Quote Originally Posted by Koyaanisqatsi View Post

    Yes, it absolutely does. You clearly don’t understand the business model. There are always a certain percentage of deadbeats just out to game the system. Then there are a majority of people who are honest and want to pay off what they owe, but due to certain circumstances beyond their control, cannot and therefore need to arrange repayment schedules. Then there is a certain percentage that will simply have to declare bankruptcy, but that’s generally as a last resort, not a first.

    In this crisis, we will see a huge increase in all three categories, which leaves the majority in the camp of benefiting the company.
    The problem is there are a lot of people who simply won't have the money to pay the bill. Expect to see a flood of bankruptcy filings.
    Yeah, I already noted that and then pointed out that at the same time, there will be a majority that can and/or will attempt to pay as much of their bills as possible to avoid bankruptcy, which, once again, will only profit the company.

  4. Top | #24
    Veteran Member
    Join Date
    Jan 2006
    Location
    USA, California
    Posts
    3,160
    Archived
    5,710
    Total Posts
    8,870
    Rep Power
    56
    I'm actually interviewing with a fintech company that is in debt collection. They seem to be booming, although, I wouldn't expect them to say anything to the contrary.

  5. Top | #25
    Super Moderator Bronzeage's Avatar
    Join Date
    Apr 2011
    Location
    Deep South
    Posts
    6,970
    Archived
    7,568
    Total Posts
    14,538
    Rep Power
    42
    My meager experience in labor law comes from dealing with unemployment insurance compensation disputes. The only time I have seen a viable lawsuit over a lost job was when the employee was protected by a Federal State law against age discrimination, or something similar. This is very difficult to prove and only an idiot employer would fall into that kind of trap.

    A lot more lawsuits are filed over the employer lying about the dismissal reasons. Employee turnover effects the payroll tax rate, so a lot of employers try to deny unemployment benefits, thinking it will save money. It never does. In Louisiana, which is a "at will" state, there are really only two reasons unemployment benefits can be denied and these are absenteeism and insubordination.

    Basically, anyone who shows up for work and does what they're told, is eligible for unemployment benefits. Incompetence, theft, etc, don't count. Incompetent thieves can be fired, but they still get their check.

  6. Top | #26
    Formerly Joedad
    Join Date
    Mar 2001
    Location
    PA USA
    Posts
    6,098
    Archived
    5,039
    Total Posts
    11,137
    Rep Power
    78
    Quote Originally Posted by Bronzeage View Post
    My meager experience in labor law comes from dealing with unemployment insurance compensation disputes. The only time I have seen a viable lawsuit over a lost job was when the employee was protected by a Federal State law against age discrimination, or something similar. This is very difficult to prove and only an idiot employer would fall into that kind of trap.

    A lot more lawsuits are filed over the employer lying about the dismissal reasons. Employee turnover effects the payroll tax rate, so a lot of employers try to deny unemployment benefits, thinking it will save money. It never does. In Louisiana, which is a "at will" state, there are really only two reasons unemployment benefits can be denied and these are absenteeism and insubordination.

    Basically, anyone who shows up for work and does what they're told, is eligible for unemployment benefits. Incompetence, theft, etc, don't count. Incompetent thieves can be fired, but they still get their check.
    As I recall living in Georgia many years ago, collecting unemployment while also making money under the table results in the person being unable to ever collect unemployment benefits again - if caught, of course. Probably true in most states.

  7. Top | #27
    Loony Running The Asylum ZiprHead's Avatar
    Join Date
    Oct 2002
    Location
    Do you like my pretty crown?
    Posts
    18,310
    Archived
    3,034
    Total Posts
    21,344
    Rep Power
    94
    https://www.laborlawtalk.com/

    Real lawyers that answer labor/employer questions.
    When conservatives realize they cannot win democratically, they will not abandon conservatism. They will abandon democracy.

  8. Top | #28
    Contributor
    Join Date
    Apr 2004
    Location
    USA
    Posts
    9,301
    Archived
    17,741
    Total Posts
    27,042
    Rep Power
    73
    Was this individual or mass layoff? If it was a mass layoff above some percent threshold and the company has so many people, there could be a violation of labor laws in not giving proper notice. Google "WARN Act."

    Under some of these situations, they must give 60 days notice. If not, you could probably sue for 60 days pay.

    Before going there, check WARN Act.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •