I quit my job when my company filed for chapter 11 bankruptcy. I have a "non compete" agreement in my contract but in light of the recent change what is my obligation? I am bound to this agreement for 5 years, that seems like longer than the norm. Can I contest this or am I stuck with what I signed for?
If they go chapter 7, I would think you are off the hook, because who would complain. Chapter 11 is reorganization and the company will still continue to operate, and you are bound by the non compete..
