Senator Sheldon Whitehouse
@senatorwhitehouse·303K subscribers·2.2K videos
Sen. Whitehouse Slams the "Texas Two-Step" Bankruptcy Trick
Posted
September 19, 2023
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4:42Now PlayingSeptember 19 | Senator Sheldon Whitehouse (D-RI), Chairman of the Senate Judiciary Subcommittee on Federal Courts, Oversight, Agency Action, and Federal Rights, delivered opening remarks in a hearing of the full Judiciary Committee entitled, “Evading Accountability: Corporate Manipulation of Chapter 11 Bankruptcy.” The hearing examined the growing trend of corporations on firm financial footing using a maneuver known as the “Texas Two-Step” to bog down consumers in bankruptcy proceedings and delay justice.
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