I work as an employee for a contracting firm which supplies IT labor resources for their (or) to another contracting firm's clients.
As there is a 45 day holding period for the contract firm which i'm employed to get paid, that delays my paycheck.
Meaning of 45 days holding period is, I worked for first 45 days without getting paid. I received first 15 day paycheck after completing 45 days. Next paycheck will be on the 30th day which will be following 15 days of pay. So, there is always a 45 day pay behind.
My concern or clarification is " What if my employer filed bankruptcy? " - If that's the case, will i ever get paid for those delayed 45 days of my pay.