Authorizes the bankruptcy court to avoid any transfer of compensation paid to an employee, officer, or member of the board of directors of a debtor in the 90 days preceding the bankruptcy petition date if the court finds that the compensation is either out of the ordinary course of business, or that it constitutes unjust enrichment.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S7581)
Read twice and referred to the Committee on the Judiciary. (text of measure as introduced: CR S7581)
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