Not exact matches
Then there's a bit
about how the «incentive program» in Alpha's plan is based on metrics so easily met that it functions as «a disguised retention program,» which is «prohibited in
bankruptcy cases absent extremely specific and unusual circumstances that do not
exist here.»
As a
bankruptcy lawyer and a citizen of Minnesota, I did not think that the
existing laws (prior to 2005) were fair because they permitted creditors to take a person's wedding ring to satisfy a debt; so, I decided to do something
about it.
Existing equity partners found their earnings squeezed in order to subsidize guaranteed incomes the firm could not afford, of which there were
about 100 such agreements according to
bankruptcy filings in Manhattan.