Schimmel’s Restaurant bankrupt, looking for buyer
by Amy McCullough
Published: February 9,2010
Tags: global economy, JACKSON, Mississippi, recession, Schimmels
Schimmel’s Restaurant LLC at 2615 North State Street in Jackson filed for bankruptcy in May 2009, and is now looking for a buyer and asking the court to approve a procedure for competitive bidding.
In December, the U.S. trustee, joined by Regions Bank, filed a motion to convert the case to Chapter 7. The court has given the debtor until April 25 to confirm a Chapter 11 plan. The restaurant has between $1,000,000 and $10,000,000 in assets, and between $500,000 and $1,000,000 in liabilities, according to court records.
Schimmel’s filed a motion Feb. 4 to employ Shari M. Lackey-Culver as broker. The restaurant is currently in operation.
![[Print]](http://msbusiness.com/wp-content/plugins/tdc-sociable-toolbar/print.png)
![[Email]](http://msbusiness.com/wp-content/plugins/tdc-sociable-toolbar/email_2.png)
![[RSS Feed]](http://msbusiness.com/wp-content/plugins/tdc-sociable-toolbar/rssfeed.png)
![[del.icio.us]](http://msbusiness.com/wp-content/plugins/tdc-sociable-toolbar/delicious.png)
![[Digg]](http://msbusiness.com/wp-content/plugins/tdc-sociable-toolbar/digg.png)
![[Facebook]](http://msbusiness.com/wp-content/plugins/tdc-sociable-toolbar/facebook.png)
To sign up for Mississippi Business Daily Updates, click here.
One Response to “Schimmel’s Restaurant bankrupt, looking for buyer”
POST A COMMENT
Recent Posts
- Court: Fees paid to private lawyers to represent state are public funds
- Senate approves 60-day extension of federal flood insurance program
- Coast casinos up, riverboats down in April
- Topazi retiring as COO of Southern Company
- Historic train getting renovations, but city needs $250K to complete project
- MBJ EDITORIAL: Questions we should ask the new chief of the MDA
- Forecasters: Atlantic could see 15 storms this hurricane season
- Louisiana PSC approves Entergy’s bid to join MISO
February 9th, 2010 at 2:22 pm
[...] Mississippi Business Journal » Blog Archive » Schimmel’s Restaurant bankrupt, looking for buyer msbusiness.com/blog/2010/02/schimmel%E2%80%99s-restaurant-bankrupt-looking-for-buyer – view page – cached * Home > COMMERCE – Market Sector > Schimmel’s Restaurant bankrupt, looking for buyer [...]