Texas two-steps

A form of Texas two-step — 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.

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Meanings

noun
  1. pluralplural of Texas two-step
Cite this entry
APA

Texas two-steps. (n.d.). In WatkinsX Dictionary. Retrieved November 4, 2026, from https://dictionary.watkinsx.com/word/Texas%20two-steps

MLA

“Texas two-steps.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/Texas%20two-steps. Accessed November 4, 2026.

Chicago

WatkinsX Dictionary, s.v. “Texas two-steps,” accessed November 4, 2026, https://dictionary.watkinsx.com/word/Texas%20two-steps.

Source: Texas two-steps on Wiktionary, CC BY-SA 4.0.