> If successful, Corizon's Two-Step would avoid a much wider range of liabilities than previous companies who've used it — not just injury lawsuits, like J&J, but the routine debts to vendors that companies rack up every day. If the company succeeds, it provides a "roadmap for eliminating virtually any unsecured liability owed by any corporate entity, regardless of whether that entity is solvent," Ian Cross, a Michigan civil-rights attorney who represents multiple prisoners who have sued Corizon, wrote in a procedural objection in April.
Their own company, using a handful of additional investors.
Or they'd sell to other investors, who are using a leveraged buyout, in order to get a better selling price than they would have otherwise. Meanwhile the new investors would take enough in income to cover the amount they put down, plus some, and then the company would eventually fail because it had too much debt.
