Pre|Bankruptcy Bonuses

Corporate Executives & Bonuses on the Eve of Bankruptcy

The bankruptcy judge ruled that discretionary bonuses given by an insolvent employer were not per se fraudulent transfers.

Bankruptcy: Enhanced Authority Could Strengthen Oversight of ...

While the Bankruptcy Code restricts executive retention bonuses during bankruptcy, our review of FY 2020 data showed that some debtors may be ...

Franchise Group Paid $5.7 Million in Bonuses Before Bankruptcy

Report: Franchise Group Paid $5.7 Million in Bonuses Before Bankruptcy · Regulators: Financial Crime Enforcement Will Remain Priority Under Trump.

Pre-Bankruptcy Bonuses - QuickRead | News for the Financial ...

42 were found to have awarded pre-bankruptcy retention bonuses to a total of 223 executives, with the bonuses totaling approximately $165 million.

Executives' pre-bankruptcy bonuses stir outrage, little action in ...

Rep. Greg Steube, R-Fla., introduced a bill in January that would bar companies from paying bonuses to executives, insiders or other individuals ...

The increasing use of pre-bankruptcy executive retention bonuses

An increasing tendency for senior executives of financially distressed companies to award themselves substantial bonuses and similar forms of compensation ...

Executives Get Big Time Bonuses Before Companies File For ...

If your company is having financial problems, it may be thinking of bankruptcy. That may include Chapter 11 bankruptcy, which gives your ...

Top execs received $165M before bankruptcy filings last year: GAO

Top executives at some companies received $165 million in bonuses before filing for bankruptcy last year, according to a report from the ...

2U's Bankruptcy Bonanza: Executives Pocket Millions in Bonuses

2U officials are taking millions of dollars in retention bonuses amid bankruptcy, a practice that legal experts say has occurred for ...

Executive Compensation in Bankruptcy: Motivating Key Employees ...

During bankruptcy, retention of key employees is important. Here's a rundown of common compensation tools and an overview of their regulation.

Congress Hones In On Pre-Bankruptcy Executive Bonuses

This Bloomberg Law article reports on a recent House bill, “No Bonuses in Bankruptcy Act of 2021,” introduced by Rep. Cheri Bustos.

GAO-21-104617, BANKRUPTCY - Government Accountability Office

Also, debtors must obtain court approval to pay employee bonuses during bankruptcy—a process that gives creditors an opportunity to raise ...

USTP Prevails at Trial on Objection to Chapter 11 Debtors ...

The Justice Department's US Trustee Program (USTP) recently prevented the payment of bonuses to an executive of three small businesses that had stopped ...

Pre-bankruptcy payouts under fire from government watchdog

Companies paid some $165 million in retention bonuses to executives in advance of Chapter 11 bankruptcies in 2020, according to an investigation ...

Bankrupt companies gave $165 million in bonuses to top execs ...

42 companies awarded millions of dollars in so-called "retention" bonuses in the days leading up to their bankruptcies, the Government Accountability Office, ...

The Push and Pull of Executive Bonuses and Bankruptcy - FEI

Companies often pay bonuses before filing for bankruptcy due to the legal constraints on how executive compensation may be paid once the company ...

My Bonus Check and Filing For Bankruptcy

If you've received a bonus within six months before filing, you are required to tell your lawyer and trustee. However, if you normally get this bonus every year ...

Yellow paid out $4.6 million in bonuses as it was going bankrupt

Trucking company Yellow paid out more than $4.6 million in retention bonuses to 10 executives in the weeks leading up to its declaration of bankruptcy this ...

On eve of bankruptcy, U.S. firms shower execs with bonuses - Reuters

After the 2008 financial crisis, companies often proposed bonuses in bankruptcy court, casting them as incentive plans with goals executives ...

Executive Bonuses Paid Before Bankruptcy Should Be Curbed, GAO ...

The Government Accountability Office said companies near bankruptcy paid $165 million in retention bonuses in the 2020 fiscal year outside ...