There's an old bankruptcy saying: "When a pig becomes a hog, it gets slaughtered." Under the old bankruptcy law, judges could refuse to release from bankruptcy people who concealed or transferred assets before filing. I believe judges still have that option.
There's an old bankruptcy saying: "When a pig becomes a hog, it gets slaughtered." Under the old bankruptcy law, judges could refuse to release from bankruptcy people who concealed or transferred assets before filing. I believe judges still have that option.
Texas law does not treat a merger as a transfer of assets. Can’t easily claim there’s a fraudulent transfer of asset with no legal transfer. Texas law sucks.
Given the right incentives from corporations I am sure politicians will make what Jones is doing standard operating procedure. The same way politicians are making harder and harder to sue corporations and expanding the ways they can avoid taxation.
Florida's Republicans are being confronted with constituent anger over escalating home insurance costs. Their solution? Limit insurers liabilities, shield insurers from civil litigation to enforce the contracts made with home owners, and increasing deductibles and copays for more expensive repairs. Similar to their agenda to limit medical malpractice liability as a sure way to lower consumer costs of health care. Yet another kind of "trickle down" economics.
There's an old bankruptcy saying: "When a pig becomes a hog, it gets slaughtered." Under the old bankruptcy law, judges could refuse to release from bankruptcy people who concealed or transferred assets before filing. I believe judges still have that option.
Texas law does not treat a merger as a transfer of assets. Can’t easily claim there’s a fraudulent transfer of asset with no legal transfer. Texas law sucks.
Apparently in numerous ways, especially of late.
Given the right incentives from corporations I am sure politicians will make what Jones is doing standard operating procedure. The same way politicians are making harder and harder to sue corporations and expanding the ways they can avoid taxation.
Florida's Republicans are being confronted with constituent anger over escalating home insurance costs. Their solution? Limit insurers liabilities, shield insurers from civil litigation to enforce the contracts made with home owners, and increasing deductibles and copays for more expensive repairs. Similar to their agenda to limit medical malpractice liability as a sure way to lower consumer costs of health care. Yet another kind of "trickle down" economics.
The same happened with the Bankruptcy Code "reforms" years ago. Most of the changes favored large banks.