Texas Tax Men Blast Jackson Hewitt Ch. 11 Plan

Law360, New York (July 5, 2011, 2:56 PM EDT) -- Dozens of Texas counties, cities and other entities holding claims for delinquent property taxes on Friday objected to bankrupt Jackson Hewitt Tax Service Inc.'s proposed reorganization in Delaware, claiming it doesn't provide for statutory interest on tax liens.

The taxes are secured by liens on the real property of the debtors, which have offices across the U.S., the objectors argue.

"The taxing authorities are entitled to interest at the statutory rate, commencing on the petition date and continuing until such time as the claims are paid...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.