H1B transfer with approved I-140 (Urgent)

[chiidcare]

I am in my 5th year of H1B, expiring JAN 2013.

I have an I-140 approved in EB2 category.

I got lay'd off from my company yesterday.

If a company is ready to transfer my H1B, would they be able to get 3 yrs extension based on my approved I-140?

Is the new company suppose to start my PERM process right away to get this 3 yrs extension or they can wait and then apply?

Also, do I have some time to apply for Change of Status (I-539) or do I need to do that right away?

Thanks

[pontevecchio]

"If a company is ready to transfer my H1B, would they be able to get 3 yrs extension based on my approved I-140?"

Yes.

"Is the new company suppose to start my PERM process right away to get this 3 yrs extension or they can wait and then apply?"

..

They will apply when they are ready. You will have time.

"Also, do I have some time to apply for Change of Status (I-539) or do I need to do that right away?"

To what status?