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...

If you need to take your case to an appeals court to be protected, it's not a protection for an everyday person.

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