Bloomberg News

Jackson Hewitt Creditors Fight Fast Bankruptcy, Lawyer Says

June 22, 2011

(Updates with plan to try to delay court hearing in second paragraph.)

June 22 (Bloomberg) -- Jackson Hewitt Tax Service Inc.’s lower-ranking creditors will fight the company’s plan to win court approval for its reorganization and exit bankruptcy within 60 days, a lawyer said in court.

The official committee of unsecured creditors will file a request to delay the July 8 hearing on the company’s reorganization plan, attorney Chris Winter told U.S. Bankruptcy Judge Mary Walrath today during a hearing in Wilmington, Delaware.

“We think these are going to be very difficult cases,” Winter said.

Jackson Hewitt, based in Parsippany, New Jersey, filed for bankruptcy May 24, saying it has a deal with secured lenders that will let the tax-preparation company exit court protection within 60 days.

The case is In re Jackson Hewitt Tax Service, Inc., 11-11587, U.S. Bankruptcy Court, District of Delaware, (Wilmington).

--Editors: David E. Rovella, Glenn Holdcraft

To contact the reporter on this story: Steven Church in Wilmington, Delaware, at schurch3@bloomberg.net

To contact the editor responsible for this story: John Pickering at jpickering@bloomberg.net


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