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Now if AIG had filed for bankruptcy, would the employee's had been entitled to their bonus???
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M$1 Answer
The answer would depend how they declared bankruptcy. In a chapter 13 filing, the company is essentially liquidated, and paying off whatever debts they can. But bonuses are not first in line to be paid off, when a company's debts outweigh their assets. The bank debts get paid off first, and a bankruptcy judge can nullify the bonus payouts if the company cannot legitimately pay them back.
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