What Implication does Bankruptcy have on my ESOP?
Call: 888-297-6203 Employee Stock Ownership Plan (ESOP) is offered to employees in a way of ownership for the company they work in. They are beneficial to the company for tax benefits as well as to the employees too. Apart from being a motivating factor for the employee, they are ideal for retirement too. Since ESOPs are like trust funds, employees don’t have much control over the shares till their retirement age, when the shares are vested. Thus, Dallas based bankruptcy law firm https://recoverylawgroup.com/ lawyers say, ESOPs are quite similar to 401k and therefore treated like retirement plans i.e. [...]