Forbes’ Janet Novack writes that Taxmasters…you know Taxmasters…that company that advertised ad nauseam on cable news and drove us all nuts…filed for bankruptcy and is stiffing CNN, MSNBC, and FNC for the ad bill. It may be mean but I call that karma. Now if Geico would just go under…(via J$)
TaxMasters, the heavily advertised “tax resolution” company that filed for bankruptcy last month, has left several big media companies, as well as its clients and law firms, holding an empty bag. In a court filing yesterday, TaxMasters listed TimeWarner’s CNN unit at its largest unsecured creditor, owed $2.6 million. Its second largest creditor is the Philadelphia based law firm of Blank Rome, owed $2.3 million.