U.S. Supreme Court declines case over Texas two-step bankruptcy tactic
U.S. Supreme Court Refuses to Hear Dispute Regarding Texas Two-Step Bankruptcy Strategy
The U.S. Supreme Court has declined to take up a legal case concerning the "Texas two-step" bankruptcy maneuver. The high court's decision to reject the case leaves lower court rulings in place, allowing the controversial strategy—which involves splitting a company into two entities, one assuming liabilities and the other remaining free of debt—to continue being utilized without immediate federal judicial review.
Source: Reuters Generated at: 2026-06-01 21:51:00 UTC
