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Old 05-02-2026 | 07:35 AM
  #21  
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Originally Posted by mudpie
Hoping the right thing is done and at least cut checks for work performed.
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.
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Old 05-02-2026 | 08:54 AM
  #22  
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Originally Posted by iFly7X7
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!
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Old 05-02-2026 | 08:56 AM
  #23  
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Originally Posted by mudpie
Hoping the right thing is done and at least cut checks for work performed.
Most likely not.
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Old 05-02-2026 | 09:03 AM
  #24  
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Originally Posted by iFly7X7
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.
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.
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Old 05-02-2026 | 09:04 AM
  #25  
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Originally Posted by nitefr8dog
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!
Yes secured creditors get paid first.
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Old 05-02-2026 | 09:05 AM
  #26  
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Originally Posted by nitefr8dog
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!
It's not wrong. Been there and done that!
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Old 05-02-2026 | 09:44 AM
  #27  
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Originally Posted by nitefr8dog
Well thats a bit foolish. Get a room, get some sleep and start polishing your resume like you should have two years ago.
Have some class, Sir.
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Old 05-02-2026 | 10:45 AM
  #28  
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Originally Posted by Mozam
How is the view from up there? You seem to think very grandiose of yourself. Typical of a narcissist, not able to show empathy.
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!
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Old 05-02-2026 | 11:35 AM
  #29  
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Originally Posted by iFly7X7
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.
You couldn’t be more wrong, unfortunately.
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Old 05-02-2026 | 12:14 PM
  #30  
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Originally Posted by iFly7X7
It's not wrong. Been there and done that!
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.
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