04-02-2020, 09:56 AM
(04-02-2020, 09:53 AM)fenders53 Wrote:(04-01-2020, 02:38 PM)vbin Wrote: @fenders53 bankruptcies have started. Whitening patrolium filled it.
If the SA article was correct they also paid out HUGE bonus money to upper management literally a week ago prior to filing CH11 and it's made right. I'm just going to hope that is illegal. And we cry the government wants to make rules. smh
That can be clawed back by the trustee in bankruptcy. It is, in all likelihood, a fraudulent transfer that occurred while the company was technically insolvent:
https://www.law.cornell.edu/uscode/text/11/548