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A comment on Timeshare Owner? The Mexican Drug Cartels Want You. Parent comment

Re:Timeshare Owner? The Mexican Drug Cartels Want You by lisper on Wednesday September 25, 2024 @08:29PM (#41653278)
IANAL but I'm pretty sure that would be considered fraud.
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Re:Timeshare Owner? The Mexican Drug Cartels Want You by crooked-v on Wednesday September 25, 2024 @08:54PM (#41653418)
The "Texas two-step" has been used by plenty of companies and is structured around exactly those sort of shenanigans. https://www.investopedia.com/texas-two-step-bankruptcy-defin...
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Re:Timeshare Owner? The Mexican Drug Cartels Want You by csinode on Wednesday September 25, 2024 @10:02PM (#41653780)
The "Texas two step" is also notably controversial and has been overturned by courts several times, including the most recent attempt: https://www.reuters.com/legal/jjs-ltl-units-bankruptcy-dismi...
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Re:Timeshare Owner? The Mexican Drug Cartels Want You by maccard on Thursday September 26, 2024 @07:24AM (#41657082)
If you need to take your case to an appeals court to be protected, it's not a protection for an everyday person.
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Re:Timeshare Owner? The Mexican Drug Cartels Want You by lisper on Wednesday September 25, 2024 @10:22PM (#41653891)
Heh, TIL.
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Re:Timeshare Owner? The Mexican Drug Cartels Want You by MereInterest on Thursday September 26, 2024 @08:54AM (#41657850)
Though from the wikipedia article [0], it looks like it has only been used successfully three times (2017, 2019, and 2020). There's a fourth in-progress by Johnson&Johnson, where the summaries state that the bankruptcy has been twice dismissed by courts as being invalid.

[0] https://en.wikipedia.org/wiki/Texas_two-step_bankruptcy

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