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  2. Texas two-step bankruptcy - Wikipedia

    en.wikipedia.org/wiki/Texas_two-step_bankruptcy

    A fraudulent transfer is an illegal attempt to avoid paying a debt by transferring money to another person or entity. Critics have argued that a Texas divisive merger meets the definition of a fraudulent transfer when done in preparation for bankruptcy, because the divisive merger causes the spin-off to become insolvent (unable to pay its debts ...

  3. Big Lots strikes deal to keep hundreds of stores open and ...

    www.aol.com/big-lots-strikes-deal-keep-171236957...

    Big Lots is among the many well-known retailers to file for bankruptcy in 2024 as consumers cut into discretionary spending. Last week, Party City announced it filed for bankruptcy protection and ...

  4. Fraudulent conveyance - Wikipedia

    en.wikipedia.org/wiki/Fraudulent_conveyance

    The UFTA and the Bankruptcy Code both provide that a transfer made by a debtor is fraudulent as to a creditor if the debtor made the transfer with the "actual intention to hinder, delay or defraud" any creditor of the debtor. There are two kinds of fraudulent transfer. The archetypal example is the intentional fraudulent transfer.

  5. J&J talc bankruptcy stays in Texas despite 'forum-shopping ...

    www.aol.com/news/j-j-talc-bankruptcy-stays...

    U.S. Bankruptcy Judge Christopher Lopez at a hearing in Houston rejected arguments raised by the U.S. Department of Justice's Office of the U.S. Trustee, its bankruptcy watchdog, and attorneys

  6. Chapter 7, Title 11, United States Code - Wikipedia

    en.wikipedia.org/wiki/Chapter_7,_Title_11...

    Chapter 7 of Title 11 U.S. Code is the bankruptcy code that governs the process of liquidation under the bankruptcy laws of the U.S. In contrast to bankruptcy under Chapter 11 and Chapter 13, which govern the process of reorganization of a debtor, Chapter 7 bankruptcy is the most common form of bankruptcy in the U.S. [1]

  7. Texas QB Arch Manning has 'no plans' to enter transfer portal

    www.aol.com/texas-qb-arch-manning-no-172556282.html

    Texas backup quarterback Arch Manning said he intends to return to the Longhorns next season, despite rumors he would enter the NCAA transfer portal. Speaking Monday in advance of No. 5 seed Texas ...

  8. Chapter 11, Title 11, United States Code - Wikipedia

    en.wikipedia.org/wiki/Chapter_11,_Title_11...

    Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. [1]

  9. Bankruptcy in the United States - Wikipedia

    en.wikipedia.org/wiki/Bankruptcy_in_the_United...

    Originally, bankruptcy in the United States, as nearly all matters directly concerning individual citizens, was a subject of state law. However, there were several short-lived federal bankruptcy laws before the Act of 1898: the Bankruptcy Act of 1800, [3] which was repealed in 1803; the Act of 1841, [4] which was repealed in 1843; and the Act of 1867, [5] which was amended in 1874 [6] and ...