An Act Instituting Worker’s Claim as Statutory First Lien on the Assets of the Bankrupt Employer, Amending for this Purpose Article 110 of Presidential Decree No. 442, as Amended, Otherwise Known as the Labor Code of the Philippines
Seeks to institutionalize jurisprudence upholding the principle laid down in Article 110 of the Labor Code. Workers should be given first lien in case of bankruptcy to satisfy their money claims against the business.