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Can I get a summary? Too long; didn’t watch.
I didn’t watch it, but I’m fairly sure it’s about this:
https://en.wikipedia.org/wiki/Texas_two-step_bankruptcy
It’s a legal maneuver to protect company assets from lawsuits by spinning off the liable parts of the company from the parts that hold the valuable assets.
The Texas two step could be a dance. And in a way - it is.
I remember hearing about a Chinese company that pulled shit like this
The CEO was executed
There’s a great episode of Swindled on this.
And they’re still selling it today….
