The former healthcare provider for the Alabama Department of Corrections told employees on Monday that it did not have the cash to pay them for hours worked before the company filed for bankruptcy in May.
David Goldwasser, chief restructuring officer for Tennessee-based YesCare, wrote in a memo to employees that the company is working to pay employees for work done after May 8, when it filed for bankruptcy. But the memo “does not have sufficient liquidity at this time” to pay wages earned before that date.
The memo said it is paying post-May 8 wages through collections on “outstanding receivables.” It said payments prior to that date rely on the courts…