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Information About TaxMasters’ Reorganization

On March 18, 2012, TaxMasters, Inc., filed a voluntary petition for Chapter 11 reorganization in the U.S. Bankruptcy Court for the Southern District of Texas. As of April 25, 2012, TaxMasters, Inc., is no longer continuing operations as they relate to providing tax-related services to clients. As of May 9, 2012, the bankruptcy case has converted to a Chapter 7 liquidation. If you have questions regarding this bankruptcy, you may call the Center for Consumer Law at 1-877-839-8422 or request a response via form at www.uhccl.org.
Case Name and Number:
TaxMasters, Inc. d/b/a Texas TaxMasters d/b/a TaxMasters
12-32065
United States Bankruptcy Court Southern District of Texas
P.O. Box 61010
Houston TX 77208
713-250-5500
Chapter 11 Trustee:
W. Steve Smith
McFall, Breitbeil, & Smith, P.C.
1331 Lamar St., Ste. 1250
Houston, Texas 77010
Office of the US Trustee
515 Rusk Ave
Suite 3516
Houston, TX 77002
Phone: (713) 718-4650
PROOF OF CLAIM:
The bankruptcy court has abated the claims bar date. This means that no deadline is currently in place by which to file a proof of claim. IF the bankruptcy trustee determines that there will be assets recovered through this bankruptcy case, notice will be mailed and/or published letting creditors know that they should file their claims. Until such notice is mailed and/or published, creditors do not need to file proofs of claim. A proof of claim is the document an individual or entity uses to assert a claim against the bankruptcy estate of a debtor. Filing a proof of claim does not mean that you will definitely receive a payment on your claim; instead, it is simply the method by which you protect your right to payment should money become available by which the trustee is able to pay allowed claims. If you decide to file a proof of claim, that proof of claim and any supporting documentation may become public record. Make sure that the documentation you attach does not disclose sensitive information such as bank account numbers, a social security number, and/or other items of a similar nature. Additionally, be a cautious and informed consumer with regard to anyone who contacts you after accessing your name/address/contact information through your proof of claim filing.
Proof of Claim Form B10
SCHEDULED HEARINGS AND OTHER PROCEEDINGS:
(Unless otherwise noted, all hearings and proceedings will be conducted at the U.S. Courthouse located at 515 Rusk Ave., Houston, TX 77002.)
May 15, 2012, at 10:00 a.m. Meeting of Creditors
A meeting of creditors is not a hearing, and no judge is present at this meeting. Instead, a meeting of creditors is conducted by a trustee who will ask questions of a debtor or a debtor’s representative. The debtor or the debtor’s representative is under oath when answering these questions. Creditors are NOT required to attend this meeting, and a failure to attend this meeting will NOT hurt a creditor’s rights. While creditors are permitted to ask questions of the debtor or its representative, limitations may be imposed (especially in cases with a lot of creditors) because of time/scheduling constraints.
DISCLAIMER:
The information related to the bankruptcy of TaxMasters, Inc., included on this website is provided by the bankruptcy trustee in conjunction with a directive from the bankruptcy court. The trustee provides this information for informational purposes only, and this provision does not constitute legal, financial, or other professional advice. The information on this website is provided as a convenience to the public and interested parties to this bankruptcy. This website is not intended to be, nor should it be relied upon as, a substitute for financial, legal, or other professional advice. The trustee does not guarantee or warrant the accuracy, completeness, or current nature of the information that is provided on this website and shall not be liable to any individual or entity for any loss or injury arising out of or caused in whole or in part by the acts, errors, or omissions in providing this information. Information provided through this website is not intended to solicit or to create, and does not create, any attorney-client relationship between the trustee/the trustee’s legal counsel and any person and/or entity.
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