Originally Posted by flapshalfspeed

What I'm highlighting here is that, if Pinnacle declares BK before May of next year, Phil's big fat consulting fee arrangement would very likely be considered an avoidable transfer to a former director in the year leading up to a BK filing.

I have a very strong feeling that Pinnacle will not declare BK until a year has passed since Phil's payment arrangement/golden parachute deal was signed. This, of course, assumes that Phil has not performed a Michael Jackson/Bank of America stunt and placed the monies in a Cook Islands Trust, held in the name of a Nevis LLC, held in the name of a Wyoming LLC.