Jackson Hewitt Creditors Try To Slow Down Ch. 11 Plan

Law360, Wilmington (June 22, 2011, 2:49 PM EDT) -- Jackson Hewitt Tax Services Inc.'s newly formed unsecured creditors committee expressed concern Wednesday in Delaware bankruptcy court that the pace of the tax preparer’s reorganization efforts could impede the rights of low-income consumers with class action claims.

Jackson Hewitt agreed at the hearing to delay consideration of a procedures motion to allow the official committee of unsecured creditors to prepare potential objections. The committee believes the scant 17 days before the company and its affiliated debtors’ planned July 8 confirmation hearing is not enough time for...
To view the full article, register now.