Unfortunately, debts owed to employees/former employees for unpaid wages can be discharged--or eliminated--in bankruptcy, so it is possible that your claim will be reduced or even entirely eliminated. Also, when bankruptcy is filed, all collections efforts are temporarily (for a few months) "stayed" or put on hold, and only the bankruptcy court decides whether, when, and how much the bankrupt filer will pay people. All you can do, if there is a bankruptcy filing, is to file a claim in the bankruptcy proceeding, and then see how much you receive.