Posts Tagged ‘bankrupt’

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, […] [...]

Belle Foods bankruptcy leaves Golden Triangle store in limbo

STARKVILLE — Belle Foods officials describe the company’s grocery in Starkville as one of the strongest in the company’s chain, thanks to its proximity to Mississippi State University. Birmingham, Ala.-based Belle Foods filed for Chapter 11 bankruptcy protection earlier this month that will affect its 57 stores in Georgia, Alabama and Mississippi, including Starkville’s Piggly […] [...]

Bankrupt grocer wants to sell two stores

COLUMBUS and MERIDIAN — Belle Foods is asking a federal bankruptcy judge to let it sale grocery stores in Meridian and Columbus. The Southern Family Market in Columbus and a Piggly Wiggly store in Meridian plus 10 locations in Alabama are on the list for sale if an U.S. Bankruptcy judge in Alabama agrees. The […] [...]

Defunct casino to be moved; cost could rise depending on ‘crud’

by Associated Press Published: May 15,2013

Tags: auction, bankrupt, bankruptcy, casino, Commercial Real Estate, counrt, demolition, gamble, gambler, gaming, judge, scrap

VICKSBURG — By late August, Vicksburg’s downtown City Front will be without a floating casino for the first time since 1993 if the winning bidder at an auction April 25 for the former Grand Station Casino follows through on a bankruptcy court-ordered sale of the vessel. What happens to the spot beyond late summer is […] [...]

Downtown iconic hotel going on auction block

by Associated Press Published: May 5,2013

Tags: auction, bankrupt, bankruptcy, convention, hospitality, hotel, lodging, meeting, sale, sell

JACKSON — A May 22 online auction will determine the future of a downtown Jackson landmark. Auctioneer Benny Taylor tells the Mississippi Business Journal (http://bit.ly/113wahW) that several prospective bidders toured the eight-story Edison Walthall Hotel this past week. The hotel has been closed since early 2010 after burst water pipes extensively damaged the lower floors. […] [...]

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