Thread regarding Sungard Availability Services layoffs

Confused by Bankruptcy Notices

Hi there. Its been nearly 4 years since I left SunGard. I was a longtime employee prior. But I keep getting these court notices in the mail about their bankruptcy. Got another one yesterday. Not sure what they mean to me personally as an ex-employee.

Can anyone shed some light?

Thx!

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| 1656 views | | 6 replies (last )
Post ID: @OP+1hBBmYos

6 replies (most recent on top)

Correct, unless you plain to file a claim to receive compensation owed to you, it is for informational purposes only and required by the Court as part of the process.

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Post ID: @2qer+1hBBmYos

Yep, still had my 401k from them. I rolled it over into a IRA now juuuuuust to be safe. Thanks for the assist. Cheers!

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Post ID: @1cjv+1hBBmYos

You probably still have a 401K with SGAS, even though you no longer work there. Otherwise, you would not be receiving the notices.

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Post ID: @1cwf+1hBBmYos

Just be thankful you're not getting all of them as there are 470 of them at this point.

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Post ID: @qzr+1hBBmYos

Yeah, just ignore if you aren't pursuing them for compensation for something. I got one too, and had wondered about sitting in on the objections call just for giggles.

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Post ID: @qqr+1hBBmYos

Don't think it means anything to you unless they owe you money. Believe it's a Ch 11 requirement to contact all former employees during the process so you can lodge a request for monies owed or something to that effect.

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Post ID: @rsw+1hBBmYos

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