They don't need to because if the creditors really wanted to limit retention bonuses then they would. They see it as an investment that they will get a return o

They don't need to because if the creditors really wanted to limit retention bonuses then they would. They see it as an investment that they will get a return on by having key people around to run down the business in an organized way and maximize the value of assets. The bonuses are the only incentive to keep key people around on a sinking ship that needs needs guidance. If it weren't for that anyone remotely good would be among the first out the door so they could get a better job.