Red Lobster is bankrupt, where do I go now after I upgrade from Wendy's Dumpster
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Handful of red lobsters near me closed the other day and just didn’t let their employees know at all. People showed up to work and the place was closed.
I was wondering if they had done that. How else could they have kept people on until the last day? Not that it was the right thing to do sans severance pay. (Would they be allowed to give severance given the bankruptcy?)
Bonus pay. "Hey we're closing, being bought, etc we'll pay you x to stay through close.
Worked for a company that was bought, new company needed help in transition and paid me 2x salary to do so. They ended up hiring me anyway. In the case of BK, and ordinary course of business exception would allow those payment types
See statement: debtor may pay most compensation and benefits that are earned postpetition so long as such payments are made in the ordinary course of business. As such, most of these obligations do not require court approval and are otherwise not affected by the bankruptcy