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Tax debt settlement outfit achieves pennies on the dollar!

February 07, 2012

Too bad that deal is for creditors, rather than for the hapless clients who paid cash up front to get J.K. Harris to negotiate away their tax debts with the IRS. If the clients are part of the unsecured creditors group, it's pennies on the dollars the hard way. J.K. Harris, known for late-night spots and back-section newspaper ads promising miraculous reductions in tax debts, apparently is entering Chapter 7 liquidation, reports the TaxProf (via Peter Pappas).

"J.K. Harris. They're almost like family to me."

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