Businessweek just ran an article about why people buy stock in bankrupt companies. The answer is that you can purchase it at times for just pennies. Jackson Hewitt is definitely one to avoid, since it looks like stockholders are getting wiped out.
Sorry, it is too late to edit your comment.
Add your comment
Other Posts You Might Like
Simon started a discussion
in Taxes on Jan 2nd 2012
A FatWallet thread is spreading news that TurboTax is currently offering free downloads of the popular tax preparation software only for Mac OS X systems.
Read more
Simon
Location
Brooklyn, NY
Member Since
January 4, 2010
Jackson Hewitt, 2nd Largest U.S. Tax Preparer, Files for Chapter 11 Bankruptcy
Posted in Taxes on May 25th 2011
2
PlentifiSorry, it is too late to edit your topic.
Jackson Hewitt is the nation's second largest tax preparation firm and the company has announced it's filing for Chapter 11 bankruptcy protection.
Meanwhile, H&R Block, the largest tax preparer, reported a 6.1% increase in total tax returns prepared from last year.
The firm and lenders came to an agreement to restructure debt obligations to reduce debt.
It doesn't seem like Jackson Hewitt customers will see much of a negative effect from this announcement.
Restructuring Information : Jackson Hewitt
Carolyn
Commented on May 25th 2011
Businessweek just ran an article about why people buy stock in bankrupt companies. The answer is that you can purchase it at times for just pennies. Jackson Hewitt is definitely one to avoid, since it looks like stockholders are getting wiped out.
Sorry, it is too late to edit your comment.
Add your comment
Other Posts You Might Like
Simon started a discussion in Taxes on Jan 2nd 2012
A FatWallet thread is spreading news that TurboTax is currently offering free downloads of the popular tax preparation software only for Mac OS X systems. Read more
4
Plentifialex started a discussion in Taxes on Dec 27th 2011
It seems no one wants to pay taxes. Read more
2
PlentifiSorry, it is too late to edit your topic.