Wednesday, July 27, 2011

Bankruptcy Update

Sbarro Extension
The US Bankruptcy Court on July 26, 2011 approved Sbarro's motion to extend the exclusive period during which the Company can file a Chapter 11 plan up to October 31, 2011 (previously November 30, 2011) and solicit responses through December 31, 2011 (previously January 29, 2012).

Jackson-Hewitt Supplement
Jackson-Hewitt Tax Service filed with the US Bankruptcy Court on July 26, 2011 a Third Supplement for its Joint Prepackaged Plan of Reorganization. The Supplement contains the following documents: Supplemental List of Rejected Contracts and Leases and Biographies of the Directors of Reorganized Jackson-Hewitt Tax Service on the Plan effective date.

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