Posts Tagged ‘bankrupt’

Natchez hospital auction attracts only one bidder

NATCHEZ — Natchez Regional Medical Center goes up for auction today, but only one company is bidding. Community Health Systems is the only entity that met a Monday deadline to qualify to try to buy the hospital, which is in bankruptcy. That’s according to Scott Slover, attorney for the Adams County Board of Supervisors. CHS […] [...]

Pipe-maker files for bankruptcy; wants to sell plant

BAY ST. LOUIS — The owner of a steel pipe mill in Bay St. Louis has filed for bankruptcy protection and seeks to sell the plant. PSL North America, LLC, which began operations in 2008, made the Chapter 11 filing June 16 in Delaware. In court papers, it said it plans to sell itself for […] [...]

Franchise Services sells assets of bankrupt Advantage Rent A Car

RIDGELAND — Franchise Services of North America Inc.’s wholly-owned subsidiary, Simply Wheelz LLC, which does business as Advantage Rent A Car, has completed the sale of 41 U.S. airport concession agreements used in the Advantage business to The Catalyst Capital Group Inc. (on behalf of one or more funds managed by it). Catalyst was selected […] [...]

Judge rules — no ombudsman for bankrupt hospital

NATCHEZ — A federal bankruptcy judge has declined to appoint a patient care ombudsman for Natchez Regional Medical Center. The Natchez Democrat reports Bankruptcy Judge Neil P. Olack said he would look at the issue again if someone brings a patient care issue to him. The hospital’s bankruptcy attorney, Eileen Shaffer of Jackson, had argued […] [...]

After review, hospital to declare bankruptcy

NATCHEZ — The Natchez Regional Medical Center plans to file for Chapter 9 bankruptcy. Chief financial officer Charles Mock tells The Natchez Democrat the decision comes after a careful review of the hospital’s finances, which indicated the hospital’s financial liabilities exceed that of its assets by approximately $3 million. Chief executive officer Donny Rentfro says […] [...]

Bankrupt Simply Wheelz ceases operations at 30 locations

RIDGELAND — Franchise Services of North America Inc.’s (FSNA’s) wholly owned subsidiary, Simply Wheelz, LLC, which does business as Advantage Rent a Car, has ceased operations at 30 Advantage locations. Advantage has reached an agreement with Dollar Rent A Car whereby Dollar Rent A Car will provide car rental services to those customers who hold […] [...]

SoS puts Coast cemetery up for public auction

PASCAGOULA — Jackson County Memorial Park in Pascagoula is now up for public auction. Secretary of State Delbert Hosemann was appointed co-receiver of the property in 2012. “The former owner left the cemetery virtually bankrupt. Our agency was requested by a judge to resolve complicated liens, tax claims and litigation against Jackson County Memorial Park. No one […] [...]

FSNA gives update on Simply Wheelz bankruptcy

RIDGELAND — Franchise Services of North America Inc. (FSNA) has released an update on the previously-announced bankruptcy proceedings of the company’s wholly-owned subsidiary, Simply Wheelz LLC, which does business as Advantage Rent A Car, in the United States Bankruptcy Court for the Southern District of Mississippi. On Nov. 7, the court entered interim orders authorizing […] [...]

Advantage Rent A Car files for federal bankruptcy

RIDGELAND — Franchise Services of North America Inc.’s (FSNA) wholly owned subsidiary, Simply Wheelz LLC, which does business as Advantage Rent A Car, has filed for U.S. federal bankruptcy protection in Mississippi. First-day motions with respect thereto have been scheduled for tomorrow. FSNA is a publicly traded company listed on the TSX Venture Exchange. The […] [...]

Lawyer gets jail time for real estate fraud scheme

RIDGELAND — A Ridgeland lawyer has been sentenced to nearly four years in prison for fraud. The July 2011 indictment says Michael Earwood and a partner formed Kinwood Capital Group LLC, a real estate business that operated from 1998 to 2006. Prosecutors say Earwood asked the partner for money to pay taxes on Kinwood’s property, […] [...]

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