3 ms·

I get your point but to free up cash for the employees he’d have to bail out all the other creditors first. Not a good precedent to set.

• nilram 3y ago
  Under US bankruptcy law, cash first goes to employees, then creditors (including contractors), then owners.
  • pests 3y ago
    Yep, that is how the law works. In this case cash is going to the creditors. Employees aren't owed anything, then the next in line are the creditors.