The company I used to work for was bought out. I have been trying to cash out my 401K and I am getting the run around. How long do they have to release these funds?
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Well if the company is dissolved and if the company is a public limited company then the court appoints a arbitrator which liquidate the company in a legal way. First the creditors money will be paid then it will your turn. For details check this website.
www.insolvencyhelpline.co.ukinsolvency-act/p04c9x.htm
answered 1 year ago
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