Employee pay will be one of the top priorities at the next BK court hearing. The BK courts have usually made this a priority for work already performed.

Absolutely wrong, there are many restrictions written into the finance package when a bankruptcy loan is created. The first one is the banks and finance companies are paid out of the liquidation money (if there is any) first!

Most likely not.

My understanding...

Not "usually", it's the law.

Employees go to the top of UNsecured creditors, which is after all of the secured creditors.

But only up to about $15K earned in the last six months. Anything you're owed above that probably goes to the bottom with other unsecured creditors.

Yes secured creditors get paid first.

It's not wrong. Been there and done that!

Have some class, Sir.

I have been last minute furloughed from 2 of my 3 airlines. No bankruptcy, no writing on the wall. Both times I had not been sitting around even though there was no indication of a shutdown. I ended up at different carriers because I was swimming in multiple hiring pools just waiting for a call. Sure it sucks, but come on this was going to happen!

You couldn’t be more wrong, unfortunately.

It is wrong, been there and done that too! I received a ck for $ 108 dollars after 8 years. They owed me 3 weeks of pay and 2 weeks of vacation. Secured creditors are paid first, then unsecured. There isn't enough money to.pay the secured creditors.