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Re:Convoy collapse: Read CEO's memo detailing shutdown of Se... by singleshot_ on Thursday October 19, 2023 @07:40PM (#37950290)
If you run a company and you’re running out of money and you owe any secured creditors any money, and as the last act of the company, you pay all your employees a bonus so they can buy health insurance, you’ll find that in bankruptcy this might become a preferential transfer or a fraudulent transfer which will be clawed back by the creditors with priority.

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