corporate restructuring

Explore our comprehensive resources on corporate restructuring, featuring insightful articles and expert video interviews with leading business attorneys. Visitors will find detailed information on restructuring strategies, mergers, acquisitions, and the legal implications of corporate reorganization. This section serves as a valuable guide for understanding the complexities of business law and the restructuring process.

When and How the Texas Two-Step in Bankruptcy is Used

What is the Texas Two-Step strategy in bankruptcy, and when is it utilized?

Bankruptcy Law, Business/Corporate, Civil Litigation, Corporate Law, Financial Restructuring, Legal Commentary, Legal Procedures, Liability Law, Mergers and Acquisitions, Risk Management / Jack Gilbert

The Texas Two-Step is a 2-step restructuring where a company uses a Texas divisional merger to split assets and tort liabilities, then puts the liability entity into Chapter 11. It’s typically used by corporations facing large mass-tort exposure (e.g., product, asbestos, talc) to centralize claims and seek a global settlement while keeping operations running. This […]

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Restructuring – Legal Steps for Business Survival

A business restructuring typically follows 5 core legal steps: assess solvency, document a restructuring plan, negotiate creditors, comply with filing/notice duties, and execute governance changes. Done early, it can preserve value and reduce director and lender-liability exposure. This article explains how to spot distress and inefficiencies and navigate the legal process to keep the business