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Posts tagged ‘bankruptcy court’

 

Archdiocese of Baltimore Strategically Files for Bankruptcy to Avoid Abuse Lawsuits

Religious groups recently sued the IRS over the Johnson Amendment, which prohibits tax exempt organizations from engaging in political speech.

November 14th, 2023

Many companies in the United States use bankruptcy laws in a highly strategic manner, and this strategy can help them avoid a range of potential consequences – including lawsuits. We’ve seen it before with Johnson & Johnson’s famous “Texas Two-Step” bankruptcy maneuver, and this is hardly anything new. But eyebrows were raised recently when a Read More