Mississippi River Corp. declares bankruptcy
NATCHEZ — Mississippi River Corp. has filed for Chapter 11 bankruptcy reorganization in Ohio, the home of its North American Paper Co. division.
The recycled-pulp manufacturer that employs about 60 people at its plant in Natchez, lists assets between $1 million to $10 million and liabilities between $10 million to $50 million in the filing in U.S. Bankruptcy Court. The highest amount owed to one creditor is about $505,000 owed to Waste Management of Germantown, Wis.
It estimates being able to repay its creditors.
MRC vice president George Matthews said Feb. 19 that the company will “emerge stronger and healthier.”
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- The Dan Jones-IHL saga: Is this the story that started it all?
- Email from Nash to Delta Council’s Morgan included in DHA court file
- Dan Jones rejects IHL offer, won't publicly apologize
- DAVID DALLAS — From Dan and Dixie with love
- Delta Health Alliance CEO Karen Fox under investigation for possible misuse of funds
- BREAKING NEWS: Trustees offer new deal to Ole Miss chancellor Dan Jones
- Suit against Kemper employee Brett Wingo is dismissed
- Ole Miss chancellor: Talks continue over job status
- Man charged in noose left on integration statue at Ole Miss