usairways_vote_NO
Veteran
- Sep 9, 2002
- 1,882
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Reconciling Labor And Bankruptcy Law
- Thread starter usairways_vote_NO
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mwereplanes
Senior
- Jan 21, 2004
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Thanks for the link NO. Many in our camp are intimately familiar with this article and its ramifications.
The bedwetters who predict the dire consequences of a judge have no idea this article exists. Nor do they understand the true intent of 1113 and its application to the company AND the employees.
I will leave that out there in hope that the uninformed READ the article and attempt to understand what will happen when the company takes this action. Suffice it to say that it is unlikely that the bedwetters will read it OR figure it out.
mr
The bedwetters who predict the dire consequences of a judge have no idea this article exists. Nor do they understand the true intent of 1113 and its application to the company AND the employees.
I will leave that out there in hope that the uninformed READ the article and attempt to understand what will happen when the company takes this action. Suffice it to say that it is unlikely that the bedwetters will read it OR figure it out.
mr
usair_begins_with_u
Veteran
- May 9, 2004
- 623
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Hmmmm..
In general, the wording seems to favor the debtor company over the employees. At the end of the day all the judgement calls and grey area in 1113 are determined by the courts, and there is no tried and true litmus tests for whats fair in what circumstance. Basically, if I were labor, I would probably chose any other option that would avoid 1113.
Just like any other phucking legal document, lots of holes no clear lines, so lawyers can argue about it for days charging mutliple hours to their clients. Of course while the lawyers are taking all their clients money without providing value.
In general, the wording seems to favor the debtor company over the employees. At the end of the day all the judgement calls and grey area in 1113 are determined by the courts, and there is no tried and true litmus tests for whats fair in what circumstance. Basically, if I were labor, I would probably chose any other option that would avoid 1113.
Just like any other phucking legal document, lots of holes no clear lines, so lawyers can argue about it for days charging mutliple hours to their clients. Of course while the lawyers are taking all their clients money without providing value.
GadgetFreak
Advanced
Hmm, what was that song? "Nearer my heart to thee"?
BostonTerrier
Advanced
- May 2, 2003
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Take this for what it's worth. It's a good law review article, and that's about all. Also written a few years ago, and some case law may have changed.
