Supreme Court Declines Case Over Texas Two-Step Bankruptcy Tactic

a settlement.

The petition was backed by seven amicus filings from 11 law professors, three U.S. senators, and others who urged that the ⁠Supreme Court should limit wealthy firms’ capacity to exploit U.S. bankruptcy laws.

Bestwall led a series of contentious bankruptcies that used a technique known as the Texas two-step.

The cancer victims’ suit argued continue reading …