Originally Posted by
emergencyexit
yea exactly what I said earlier … it’s not for employee compensation. That isn’t a thing. No judge will ever allow creditors to go back and siphon money from an employee who already performed the work to keep the business running that period of time.
its targeted at insiders and creditors. Not employees.
They might go after all those fat bonuses they just paid out … hopefully, and rightfully so. That’s different.
Yep, NK has a specific court order from the judge authorizing the payment of prepetition wages in the dockets. It would be incredibly hard for any sort of creditor to attempt to clawback wages that were paid out under a specific court order that authorized those payments. Granted, that order is on an interim basis for now with a final hearing scheduled for Sep 30 as far as any extensions to that order.