Home > Insights > Blogs > Credit Report > "Bankruptcy-Abuse-and-Consumer-Protection-Act-of-2005"

Credit Report

Credit Report

(By accessing, browsing or using the pages below, you agree to the Blog Conditions of Use/Disclaimer available under "Links.")


Payday before mayday: The increasing use of pre-bankruptcy executive retention bonuses

David Farrell June 17, 2020
A piggy bank sinking in water

The initial wave of post-COVID Chapter 11 business bankruptcies has revealed an increasing tendency for senior executives of financially distressed companies to award themselves substantial bonuses compensation immediately before placing their companies into bankruptcy. If this trend continues, it may largely nullify the efforts of Congress and the courts to rein in and strictly regulate such actions. READ MORE