Most employees of bankrupt companies are lucky to get their final paychecks, let alone severance.
Yet the executives who bankrupted the company still get their bonuses.
This is how revolutions start.
Well, if there is nothing there, there’s nothing to get.
They do however, have a 4th priority claim (507(a)(4)(A)) for wages 1)earned in the last 180 days with 2) a cap of $10,000. Unpaid wages over that are general unsecured claims.