<prompt> Human: Hello everyone,Today, the company I work at declared insolvency. With it they are saying that every employee has to pay a certain amount due to the creditors demanding it. I know every country has different laws but are there any guidelines as to what I couldshould do on this situation?Thank you in advanceUPDATEOmg, I really didnt expect so many comments. Thanks Reddit!Regarding the situation, most of of you all were right. I dont have to pay anything beginners mistake - its my first full time job and I sort of panicked. So, I guess Portugal is still a good country to live at ahahBut I have one other major question. When a company files for insolvency, does it mean that it is very likely going bankrupt or there could be a miracle and comeback to normal? Theyre calling this restructuring...  <response>: Sounds like the owners of the company are trying to take advantage of their employees, to reduce their own debt. 