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WSJ has called it

Old 05-16-2026 | 09:34 AM
  #191  
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From: Engines Turn or People Swim
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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).
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Old Today | 02:37 AM
  #192  
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From: A320 CA
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Originally Posted by hockeypilot44
Did they pay the employees the May 15th paycheck?
Negative, not yet.
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