Texas two-step bankruptcy
id:
texas-two-step-bankruptcy-252-856820
title:
Texas two-step bankruptcy
text:
A Texas two-step bankruptcy is a two-step bankruptcy strategy under US bankruptcy law in which a solvent parent company spins off liabilities into a new company, and then has that new company declare bankruptcy. In the first step, the parent company undergoes a Texas divisive merger, which allows companies to split off their liabilities from their assets. In the second step, the newly created spin-off declares a chapter 11 bankruptcy, usually in North Carolina, where bankruptcy courts are percei
brand slug:
wiki
category slug:
encyclopedia
description:
Maneuver to access bankruptcy
original url:
https://en.wikipedia.org/wiki/Texas_two-step_bankruptcy
date created:
date modified:
2024-01-28T19:02:30Z
main entity:
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image:
fields total:
13
integrity:
14