Archive for May, 2011

Jackson Hewitt Files for Bankruptcy

According to Reuters, Jackson Hewitt Tax Service filed for a pre-packaged Chapter 11 bankruptcy.  The second largest U.S. tax preparer finally reached an agreement with its lenders on how to restructure its debt.  See the whole story at Reuters.

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Tips to Pay Down Debt

The following tips are detailed by the Bonners Ferry Hearald On Line.  The suggest . . .

  • Pay off existing debt
  • Get another job
  • Carefully consider going into debt
  • Don’t cut medical insurance
  • Be upfront with your creditors
  • Consider debt settlement or consolidation
  • File for bankruptcy
  • Understand the consequences
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