What happens if my employer goes out of business?

If employer goes out of business:

• Your H-1B status is immediately terminated
• You have 60-day grace period to find new employer or change status
• New employer can file H-1B transfer
• You may be eligible for unemployment benefits (check state laws)

What to do: Start job search immediately, file H-1B transfer with new employer, or change to another status (B1/B2, F-1) if needed.