H1 transfer - 7th year running

dukhi_h1

Registered Users (C)
Hi immigration gurus,
I am in 7th year of my H1 with an extension based on LC(A) pending for more than one year. Now my company X is going down. Can I :

1. Transfer H1 to another company Y ?
2. If 1 is OK - then can I apply for 8th year (when the time comes up)through company Y in the remote possibility that the LC(A) application filed by company X is not cancelled ?

regards
 
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