In almost any case, employees who have unpaid wage claims are treated as secured creditors. I'm not sure what you mean by IRA/401k benefits as these are usuall

In almost any case, employees who have unpaid wage claims are treated as secured creditors. I'm not sure what you mean by IRA/401k benefits as these are usually employer administered but held by the employee and should be shielded from any sort of bankruptcy. As mentioned earlier here, PTO is treated differently state by state. Most of what you have a gripe with is already covered by existing bankruptcy law. Sure, if there's no recovery value in a bankruptcy, employees aren't going to get paid back wages but no one else is getting paid either.