Art Horizons closes; owes county, city and planning district
Published: September 11,2012
BATESVILLE — A Batesville company that made framed pictures has closed as government entities and a bank fight over the bankrupt firm’s assets.
James Curcio, executive director of the North Delta Planning and Development District, says Art Horizons Inc. closed in late August.
According to a filing with the Mississippi Department of Employment Security, Art Horizons had 70 employees when it closed. That’s down from 120 employees when it filed for Chapter 11 bankruptcy reorganization in May.
The company, owned by a Memphis family, owes more than $700,000 combined to Panola County, the city of Batesville and the planning district.
The city and district had loaned Art Horizons money to aid economic development in recent years. However, Louisiana-based Iberia Bank is challenging the city and district’s claims to the company’s equipment.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Mississippi no longer has highest unemployment rate in nation
- McDaniel cites Gunn's challenge in his attempt to overturn loss to Cochran
- Outside group files arguments supporting McDaniel
- Payday lender, fired executive exchanging blame for lender’s regulatory woes
- Grain buyer’s bankruptcy could take steep toll on Delta farmers
- UPDATE — David Watkins says JRA left him in dark about HUD's Farish St. involvement
- Mad Genius, Eyevox owner acquires Mississippi Film Studios
- Once the bane of only Southerners, kudzu is migrating north and west
- MDEQ fines metalworking firm over hazardous waste