H-1 transfer when company is bought out!

Det2

Registered Users (C)
Hello:

My company filed for chapter 11 and currently is being bought out by another investment company.

I was told that if the tax identification # changes, I have to go for H-1 transfer. As you know, the fees for H-1 transfer have increased by about $1600 ($3,500 including dependents and attorney fees) earlier this year. It's highly unlikely that the new company will bear these expenses for one person.

Considering the fact that nothing changes at my level (work, pay, benefits etc), is there a way out of the H-1 transfer?

Thanks in advance,

Det2
 
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