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  2. Texas two-step bankruptcy - Wikipedia

    en.wikipedia.org/wiki/Texas_two-step_bankruptcy

    Texas two-step proponents, like Johnson & Johnson and its lawyers, have argued that Texas two-steps are not inherently bad-faith, and that in the context of mass-tort litigation bankruptcy is fairest way to address large numbers of personal injury claims. Unlike in traditional courts hearing cases brought by many different people, bankruptcies ...

  3. When should I file for bankruptcy? - AOL

    www.aol.com/finance/file-bankruptcy-011643245.html

    When you file for Chapter 7 or Chapter 13 bankruptcy, you will need to attend credit counseling. Your credit counselor will go over your options and help create a plan. Your credit counselor will ...

  4. Common types of bankruptcy and how to avoid filing - AOL

    www.aol.com/finance/common-types-bankruptcy...

    Key takeaways. There are two common types of bankruptcy: Chapter 7 and Chapter 13. Filing for bankruptcy is a time-consuming process that can take years to stop affecting your finances.

  5. Here are 12 well-known companies that went bankrupt in 2024 - AOL

    www.aol.com/12-well-known-companies-went...

    Of course, filing for bankruptcy doesn’t necessarily mean a business is going bust. Companies tend to use the Chapter 11 process to wind down some operations, tackle mounting debt and save on ...

  6. State defaults in the United States - Wikipedia

    en.wikipedia.org/wiki/State_defaults_in_the...

    A local government, which is a subsidiary of a state, is already allowed to file for bankruptcy under Chapter 9 of the Bankruptcy Code, as long as they are not forbidden to do so by the state. [7] In such municipal bankruptcies, the municipal government repudiate or modify contracts and debts. [3]

  7. Bankruptcy - Wikipedia

    en.wikipedia.org/wiki/Bankruptcy

    Bankruptcy exemptions are available only to individuals filing bankruptcy. [43] There are two alternative systems that can be used to "exempt" property from a bankruptcy estate, federal exemptions [44] (available in some states but not all), and state exemptions (which vary widely between states). For example, Maryland and Virginia, which are ...

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