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Congressional Delegation Championed Employee Benefit Protections in U.S. Bankruptcy Law
Wisconsin LawyerLink to more items from this source
Aug. 9, 2005
Excerpt: The need to reform the Bankruptcy Code's treatment of employee benefit plans was brought to light by two situations that arose in Wisconsin in the late 1980s: the Louis Allis Corp. bankruptcy and the Pabst Brewing Co.'s termination of its retiree health program. These incidents showed the extent to which workers' benefits are vulnerable when an employer becomes insolvent, and they motivated our state's congressional delegation to create better protections for our system[.]

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