Chapter 11 Bankruptcy Bonuses Happen Despite Restrictions

Thursday, September 30, 2021
Chapter 11 Bankruptcy Bonuses Happen Despite Restrictions

Chapter 11 Bankruptcy Bonuses Happen Despite Restrictions

Academics and bankruptcy attorneys have raised concerns that some companies may be working around federal restrictions preventing them from awarding bonuses after filing for Chapter 11 bankruptcy. We talk with GAO’s Michael Clements to find out how often and when this might happen.