Financial services business files for Chapter 11; CEO says reorganization on horizon


After decades in business, HJH Consulting Group Inc. and its affiliated businesses filed for bankruptcy protection in the U.S. District Court for the Western District of Texas.

HJH is based in Kerrville, about 100 miles west of Austin.

The group of businesses — which includes The Salt Group; U.S. Cost Management Partners, also known as US Tax Recovery Partners LLC; and The B2B Prospecting Source — filed for Chapter 11 on Apr. 2.

"A number of accounting irregularities placed the company…

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