March 30, 2012 by Jay Freeborne

Looks like Taxmaster's Chapter 11 Bankruptcy was another head fake as a Texas Court placed a $195 Million judgement against Taxmasters and Patrick Cox for failure to serve their customers.

Statement from Attorney General is here:  
https://www.oag.state.tx.us/oagnews/release.php?id=4020

Justice is served.  But a sad day for their customers who likely won't see anything from the judgement.  Mr. Cox seems pretty broke and the company's assets are depleted.

Let's hope that nobody tries to run a tax resolution scam like this ever again.


I have been following the tragicomedy of Taxmasters since the blog began:

In January, I predicted their demise:  Who's Next?

Taxmasters Gets $25 Mil in Financing?
Taxmasters Files for Bankruptcy
Taxmasters Sued by Atty. General - Texas
Another Taxmasters Story
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Salesmasters
Sorry to Dwell on Taxmasters, But
Chilling: Tapes from Taxmasters...This is what Closers Sound Like

Taxmasters victim? Need help? Give me a call at 1 866 525 7302 or email me at jfreeborne@watax.com, Jay Freeborne, Washington Tax Services

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