For a debtor in financial distress, having the right team in place to steward the company through a restructuring can mean the difference between success and failure. To incentivize top talent to stay with the debtor and...more
4/25/2025
/ Bankruptcy Code ,
Bankruptcy Court ,
Chapter 11 ,
Commercial Bankruptcy ,
Compensation & Benefits ,
Creditors ,
Debtors ,
Employee Incentive Plans ,
Employee Retention ,
Executive Retention Plans ,
Section 363 ,
Section 503
Pursuant to Section 503(b)(1)(A) of the Bankruptcy Code, "wages, salaries, and commissions for services rendered after the commencement of the case" are treated as administrative expense claims. Additionally, Section...more
1/24/2025
/ Bankruptcy Code ,
Bankruptcy Court ,
Chapter 11 ,
Commercial Bankruptcy ,
Compensation & Benefits ,
Creditors ,
Debtors ,
Employee Benefits ,
Employee Rights ,
Reorganizations ,
Severance Agreements ,
Severance Pay ,
Wages