Judge Greenlights Jackson Hewitt Ch. 11 Plan

Law360, Wilmington (August 8, 2011, 2:20 PM EDT) -- A Delaware bankruptcy judge gave her blessing to Jackson Hewitt Tax Service Inc.'s chapter 11 plan on Monday, which will restructure $357 million in debt and leave the nation's second-largest tax preparer under the control of secured lenders.

U.S. Bankruptcy Judge Mary F. Walrath said at a hearing that she would sign off on the plan once it was submitted with certain changes resolving several lingering objections.

Under the plan, secured lenders — including Bayside Capital Inc. and Republic Bank & Trust Co. — will swap...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.