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Will the 'Texas two-step' bankruptcy strategy be declared illegal by US courts by Dec 31, 2024?
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No • 50%
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YesCare Reaches $75M Settlement in Tehum Care Bankruptcy, a Texas Two-Step Success
Jul 18, 2024, 01:28 PM
YesCare has reached a $75 million bankruptcy settlement with creditors in the Tehum Care Services (formerly Corizon) bankruptcy proceedings. The settlement will address lawsuits accusing Tehum Care of providing inadequate medical care to prisoners. YesCare applauds the agreement, which marks a rare success for the 'Texas two-step' bankruptcy strategy.
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Settlement approved • 25%
Settlement rejected • 25%
Settlement modified • 25%
Case ongoing • 25%
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Relief Plan Overturned • 25%
Relief Plan Upheld • 25%
New Relief Plan Introduced • 25%
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No action taken • 33%
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Legal action against Ken Klippenstein • 25%
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Acquired by another company • 25%
Reorganizes and continues operations independently • 25%
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