Texas two-step

== English == === Noun === Texas two-step (plural Texas two-steps) (law, business) A two-step bankruptcy strategy under US bankruptcy law in which a solvent parent company spins-off liabilities into a new company, and then has that new company declare bankruptcy. Levin, Matt (1 February 2023), “Johnson & Johnson’s Bankruptcy Didn’t Work”, in Money Stuff‎[1], Bloomberg: === Further reading === https://www.investopedia.com/texas-two-step-bankruptcy-definition-5225888