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Absolutely terrible. Tiny companies NOT backed by some of the richest men in the world give more when they wind down.

I get your point but to free up cash for the employees he’d have to bail out all the other creditors first. Not a good precedent to set.

Under US bankruptcy law, cash first goes to employees, then creditors (including contractors), then owners.

Yep, that is how the law works. In this case cash is going to the creditors. Employees aren't owed anything, then the next in line are the creditors.

Please elaborate with examples