Wages earned are paid first! Bankruptsy 101

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Author: Union or no Union! Date: 1/3/2024 9:06:37 AM +0/-1 Show Orig. Msg (this window) Or In New Window

Under Chapter 11, the court could tear up the existing CBA, but it can't tear up unpaid wages/compensations! Employees were not investors or lenders, they get paid first for wages promised/earned!

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GMR Retention Bonus +1/-6 10K In the bag 1/1/2024 3:34:07 PM

GMR Retention Bonus +0/-3 Elon 1/1/2024 4:16:37 PM

GMR Retention Bonus +3/-0 Old guy 1/1/2024 6:47:02 PM

GMR Retention Bonus (NT) +0/-2 lol 1/1/2024 6:48:59 PM

GMR Retention Bonus +8/-0 Anonymous 1/1/2024 7:29:34 PM

GMR Retention Bonus +3/-1 I'm In 1/2/2024 8:39:27 AM

GMR Retention Bonus "HOLDING" money for you (NT) +3/-1 SCAM! Won't see a dime. 1/2/2024 8:32:44 AM

GMR Retention Bonus "HOLDING" money for you +1/-0 Former GMR 1/2/2024 9:07:10 AM

GMR Retention Bonus "HOLDING" money for you +1/-0 why would a lawyer know 1/2/2024 10:53:42 AM

AMC paid because of the CBA and Union.....GMR has no obligation to do so in (NT) +0/-0 during GMR bankruptcy 1/2/2024 11:14:57 AM

AMC paid because of the CBA and Union.....GMR has no obligation to do so in +0/-0 yeah but 1/2/2024 11:30:18 AM

AMC wasn't obligated to pay it retention bonus because of the CBA or Union! +1/-0 They were required because... 1/2/2024 3:01:58 PM

You wish! It's in the CBA, it's a legal binding agreement. Without it there (NT) +2/-1 They could have withheld. 1/2/2024 3:36:22 PM

The promise was made way before the CBA! They would owe it regardless (NT) +0/-1 of the CBA or the Union. Sorry! 1/2/2024 3:39:45 PM

IOWs, they would have had to pay it even if the CBA ratification failed! (NT) +0/-0 Anonymous 1/2/2024 3:40:42 PM

IOWs, no they didnt and no court could force them to (NT) +0/-0 Bankruptcy could have bailed them out 1/2/2024 7:20:56 PM

Maybe if they totally liquidated under chapter 7, but not here! Those +0/-0 retention bonus was earned wages 1/3/2024 9:00:54 AM

False. No legal obligation to pay and no court could force them (NT) +0/-0 To pay. Especially w/ bankruptcy 1/2/2024 7:20:01 PM

Ah, then that would also be true with the CBA! +0/-0 [Both contract were pre-bankruptcy] 1/2/2024 9:40:39 PM

Ah, then that would also be true with the CBA! +0/-0 research 1/2/2024 10:16:29 PM

what applies to one, applies to the other! +0/-0 Bonuses were owed! They pay 1/3/2024 8:47:31 AM

AMC promised new aircraft and autopilots for all in an email. Are they (NT) +0/-0 Legally bound to produce them? 1/3/2024 9:04:49 AM

AMC promised new aircraft and autopilots for all in an email. Are they +0/-0 say wut 1/3/2024 2:35:14 PM

GMR Retention Bonus +0/-1 Wait what? I thought 1/2/2024 11:06:04 AM

GMR Retention Bonus changed from $ every year to holding it (NT) +1/-0 until the end 1/2/2024 11:15:37 AM

GMR Retention Bonus changed from $ every year to holding it

+1/-0 anony 1/2/2024 2:54:59 PM

GMR Retention Bonus +0/-0 isn't that nice 1/2/2024 3:28:26 PM

Any inflation or interest growth in your money they are holding so niecely (NT) +0/-0 for you.... 1/2/2024 3:37:26 PM

GMR Retention Bonus +0/-0 yeah it's in the bag 1/2/2024 3:57:48 PM

GMR Retention Bonus +1/-0 Anonymous 1/2/2024 8:15:34 PM

one union troll (NT) +0/-0 talking to himself. lol 1/2/2024 4:12:58 PM

GMR Retention Bonus +4/-0 GMRr 1/2/2024 4:35:01 PM

GMR Retention Bonus +0/-0 Big bucks 1/2/2024 6:35:53 PM

GMR Retention Bonus +0/-0 AMC paid out over $20 Mil 1/2/2024 6:54:20 PM

Thanks to the Union and new contract! GMR played all of you fools!!!! (NT) +0/-1 AMC got mine! 1/2/2024 7:22:44 PM

Again, Union and new CBA had ZERO to do with it! (NT) +0/-0 5hey were obligated to pay it regardless 1/2/2024 9:46:38 PM

Again, Union and new CBA had ZERO to do with it! +0/-1 The low IQ 1/3/2024 8:07:03 AM

Again, Union and new CBA had ZERO to do with it! +0/-0 The low IQ 1/3/2024 8:07:04 AM

Exactly. CBA is a contract. Bonus put in contract. AMC required to pay it. (NT) +0/-0 GMR nada. Thanks Union!! 1/3/2024 9:06:15 AM

They would have had to pay it anyway, union or not! (NT) +0/-0 Wages were already earned! 1/3/2024 9:11:51 AM

Bonuses are not earned wages. You are confused (NT) +0/-0 Different in eyes of the court 1/3/2024 4:57:42 PM

once the have been earned, yes they are! +0/-0 you've already earned the money by... 1/4/2024 6:51:26 PM

Wages earned are paid first! Bankruptsy 101 +0/-1 Union or no Union! 1/3/2024 9:06:37 AM

Wages earned are paid first! Bankruptsy 101 +0/-1 says the dudebro 1/3/2024 12:20:33 PM

one union troll (NT) +0/-0 talking to himself. lol 1/3/2024 2:57:23 PM

Scraps is all that is +0/-1 A joke after taxes 1/6/2024 7:55:37 PM

when trolls collide (NT) +1/-0 lol 1/7/2024 2:44:01 PM