View Single Post
Old 05-16-2026 | 09:34 AM
  #191  
rickair7777's Avatar
rickair7777
Prime Minister/Moderator
Veteran: Navy
 
Joined: Jan 2006
Posts: 45,143
Likes: 801
From: Engines Turn or People Swim
Default

Originally Posted by Crjdeuce
Spirit has yet to file ch7. They ceased flight operations but the company still exists under ch11.
That's a better claim. But not airtight.

Back wages owed from recent *work* performed, up to a certain cap (probably less than what CA's make) is a priority, even in Ch.7.

The grey area is whether warn act advance notice pay is given priority over secured creditors. Since it's not pay owed for work actually performed, but basically .gov mandated severance pay. Sounds like they're trying to get ahead of secured creditors (that's the only chance of getting a dime).
Reply