No Bonuses Ahead of Bankruptcy Filing Act of 2020 This bill prohibits debtors in bankruptcy proceedings from paying bonuses to certain individuals for two years, including insiders (such as relatives) and highly compensated employees.
BankruptcyCorporate finance and managementWages and earnings
No Bonuses Ahead of Bankruptcy Filing Act of 2020
USA116th CongressHR-7279| House
| Updated: 6/18/2020
No Bonuses Ahead of Bankruptcy Filing Act of 2020 This bill prohibits debtors in bankruptcy proceedings from paying bonuses to certain individuals for two years, including insiders (such as relatives) and highly compensated employees.