Liberty Tax parent restructures after bankruptcy – Nokturnal

Liberty Tax parent NextPoint Financial Inc. and 29 U.S. affiliates have launched Chapter 15 proceedings in Delaware, declaring $284 million in debt after seeking bankruptcy protection in Canada. NextPoint and its subsidiaries received an initial order from the Supreme Court of British Columbia regarding the Companies’ Creditors Arrangement Act. The company’s approximately 2,200 Liberty Tax franchised locations are … Read more