23 ms·
What if they go bankrupt after generously paying employees?
by sriram_sun 6y ago
What if they go bankrupt after generously paying employees?
- kradroy 6y agoThat would be considered "mala fides" and the court would likely hold the officers/directors liable for the loan amount. Also, prior to filing for bankruptcy any attorney worth his spit will advise his client to fully repay or continue paying obligations to the US government. US government-backed loans are very difficult to completely discharge in a bankruptcy.