Democrats urge pro-worker US bankruptcy law reform

Newswire

By Kevin Drawbaugh WASHINGTON, Sept 25 (Reuters) - Accusing corporate executives of picking workers' pockets in bankruptcy court, three senior congressional Democrats introduced a bill on Tuesday to change bankruptcy law to protect wages and pensions. The bill, backed by major labor unions, would try to reverse years of court decisions and recent legislation seen as tilting bankruptcy law in management's favor. "Bankruptcy court has become a place where corporate executives go to get ...

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