A Case of Misplaced Priorities: A Proposed Solution to Resolve the Apparent Conflict Between Sections 507 and 1113 of the Bankruptcy Code

A single corporate bankruptcy is like a pebble thrown into a pond: the ripples keep extending out. Every bankruptcy filing has negative consequences for the corporation's creditors, including its workers. Indeed, a corporate bankruptcy may push many small creditors over the financial brink and even force some of them to file for bankruptcy.