Suppose you decide you are not going to pay your employees minimum wage and overtime required by the Fair Labor Standards Act. And let’s further say that the department of labor investigates your wage and hour practices and fines you to the tune of $1.95 million for the unpaid wages.
Do you—
- Figure out how to pay the fine?
- File bankruptcy and wrap yourself in its protections in an attempt to save as much of your assets as possible?
- Transfer assets to family members to create an appearance of insolvency and inability to pay the fine?


