Although any fate for Jackson Hewitt is far from certain, it might be a good time to speculate about how things will be next year.

Jackson Hewitt stock will be delisted from the NYSE on Monday.

Even the General Counsel of JTX seems to be jumping ship: Steven Barnett filed a Form 4 notice with the SEC indicating that he sold 9,803 shares of Jackson Hewitt last week. That (more…)

The FDIC has charged Republic Bank for violations of multiple laws and set a civil money penalty of $2 millions for problems with their refund anticipation loan unit.

Republic Bank faces violations of the Truth-in-Lending Act, the Equal Credit Opportunity Act, the Federal Trade Commission Act, and the Gramm-Leach-Bliley Act. Additionally, (more…)

Today’s Amended and Restated Credit Agreement between Jackson Hewitt (JTX) and Wells Fargo makes reference to pre-packaged bankruptcy for Jackson Hewitt.

There had been some rumors about such a plan.

The note (in the third paragraph of Item 1.01 in the 8-K released today) is not good (more…)

Jackson Hewitt agreed to an amended credit agreement with Wells Fargo on Friday evening. The new “Amended and Restated Credit Agreement” gives JTX another 20 days. It comes with explicit instructions for how Jackson Hewitt spends its money for the duration of the off-tax season period.

Jackson Hewitt has a line of credit with Wells Fargo. No one can be certain how much (more…)

The day draws near to when Wells Fargo will decide if it is going to trigger a clause that would require Jackson Hewitt to make a substantial cash payment. The SEC appears to be taking an active interest in this issue.

In a January 11, 2011 letter, SEC Assistant Director Larry Spirgel sought answers to some specific questions that he felt were lacking in Jackson Hewitt’s March quarterly (more…)