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Old 05-29-2020 | 11:02 AM
  #84  
JUNEBUG82
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Joined: Apr 2019
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Originally Posted by 1257
to accept a universally
reduced guarantee is suicide if a bankruptcy happens because the judge will start there for the next reductions of "costs"
.
Does anyone have a reference to show where a temporary reduction in hours has been used in bankruptcy as a baseline to reduce the minimum hour guarantee even further? This argument has been used a lot. If true, it is a strong argument against reducing hours. However, it seems unlikely it is true since bankruptcy would more likely reduce the hourly rates, not the minimum hour guarantee. I don’t see how reducing the min guarantee accomplishes much for the bankruptcy court. I’m
calling BS on this theory. That being said, I learn something every day, so I’m open to being proven wrong. Sources anyone?

Last edited by JUNEBUG82; 05-29-2020 at 11:22 AM.
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