Provides overview of status of employee wages and benefits, including retiree benefits, when an employer files bankruptcy. Examines special provisions in U.S. Bankruptcy Code that govern priority of employee wage and benefit claims, including severance payments; and procedures for chapter 11 debtor to modify benefits, including retiree life and health insurance benefits, under a collective bargaining agreement. Examines role of employees on creditor committees and procedures in bankruptcy for lawsuits directed at an employer/debtor.
CRS Report. Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed July 2010). Reuse except for individual research requires license from ProQuest, LLC.
Microfiche version: Library of Congress. Congressional Research Service. Employment Benefits in Bankruptcy