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This is when governments need to step in and just seize the property of those who ran the companies. If their employees don't deserve pay, then neither do the owners.

No actually it's not. It's when an orderly court-mandated bankruptcy proceeding begins, because if they owe employees you can be sure they owe others as well.

Salaries are unsecured so employees get paid last in bankruptcy. I think he is calling for them to be paid first.

In some parts of the world salaries go first, as they should. Don't know about Bulgaria though.

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