Thursday, July 30, 2015
Current Weather
Loading Current Weather....
Published: Tuesday, 3/20/2012

Tax Masters petitions for Chapter 11 protection


HOUSTON — TaxMasters Inc. has filed for Chapter 11 bankruptcy protection following a legal challenge from Texas prosecutors who say the company's TV commercials mislead potential customers.

The Houston-based company filed Sunday. Patrick Cox, the company's founder and president, is the company's national advertising spokesman.

Texas is suing TaxMasters for violating the Texas Deceptive Trade Practices Act. It says TaxMaster commercials encourage people to call for a free consultation with a tax specialist, but the calls are answered by salespeople who are unqualified to provide tax advice.

Recommended for You

Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Related stories