Wed.Dec 25, 2024

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Companies From Afar Tap Houston Bankruptcy Court Despite Minimal Local Ties

Collection Industry News

Companies are tapping Houstons bankruptcy court by setting up minimal business ties, such as a co-working address or hastily formed entities, to capitalize on debtor-friendly laws. In November, two Swedish companiesdebt collector Intrum and electric-vehicle battery maker Northvoltfiled for bankruptcy in Houston, seeking to access the benefits of chapter 11.