Menu
Home>Levelset Community>Legal Help>Why is Libbey allowed to violate 503c of US bankruptcy code? Or are they?

Why is Libbey allowed to violate 503c of US bankruptcy code? Or are they?

OhioBankruptcy

Why is Libbey Glass able to pay out this money if 503c says it is illegal without meeting certain criteria? I guarantee there were not job offers for all of the executives at Libbey Glass. Plus I thought 503c is supposed to include 1yr prior to filing bankruptcy. They are completely screwing all of their contractors and taking everything away from our contract that we just fought so hard for that they negotiated in "good faith" and immediately after paid out these bonuses and presented a publicly admitted "prepackaged bankruptcy". What would possibly give the judge in Delaware legal grounds to honor this? Please help I don't understand.

0 replies