Mississippi Business Journal » bankrupt http://msbusiness.com Mississippi Business Journal Fri, 17 May 2013 22:01:36 +0000 en-US hourly 1 http://wordpress.org/?v=3.5.1 Defunct casino to be moved; cost could rise depending on ‘crud’ http://msbusiness.com/blog/2013/05/15/defunct-casino-to-be-moved-cost-could-rise-depending-on-crud/?utm_source=rss&utm_medium=rss&utm_campaign=defunct-casino-to-be-moved-cost-could-rise-depending-on-crud http://msbusiness.com/blog/2013/05/15/defunct-casino-to-be-moved-cost-could-rise-depending-on-crud/#comments Wed, 15 May 2013 11:28:20 +0000 Associated Press http://msbusiness.com/?p=74772 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 [...]

The post Defunct casino to be moved; cost could rise depending on ‘crud’ appeared first on Mississippi Business Journal.

]]> http://msbusiness.com/blog/2013/05/15/defunct-casino-to-be-moved-cost-could-rise-depending-on-crud/feed/ 0 Downtown iconic hotel going on auction block http://msbusiness.com/blog/2013/05/05/downtown-iconic-hotel-going-on-auction-block/?utm_source=rss&utm_medium=rss&utm_campaign=downtown-iconic-hotel-going-on-auction-block http://msbusiness.com/blog/2013/05/05/downtown-iconic-hotel-going-on-auction-block/#comments Sun, 05 May 2013 18:35:03 +0000 Associated Press http://msbusiness.com/?p=74321 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. [...]

The post Downtown iconic hotel going on auction block appeared first on Mississippi Business Journal.

]]> http://msbusiness.com/blog/2013/05/05/downtown-iconic-hotel-going-on-auction-block/feed/ 0 County to buy abandoned warehouse, industrial property http://msbusiness.com/blog/2013/04/29/county-to-buy-abandoned-warehouse-at-port/?utm_source=rss&utm_medium=rss&utm_campaign=county-to-buy-abandoned-warehouse-at-port http://msbusiness.com/blog/2013/04/29/county-to-buy-abandoned-warehouse-at-port/#comments Mon, 29 Apr 2013 16:37:20 +0000 Associated Press http://msbusiness.com/?p=74005 NATCHEZ — Adams County has agreed to buy a 450,000-square-foot warehouse at the Natchez-Adams County Port. County board of supervisors President Darryl Grennell says the warehouse will help economic development in the area. The warehouse on the Mississippi River houses products loaded on and unloaded off barges. The port has operated the warehouse for Valley [...]

The post County to buy abandoned warehouse, industrial property appeared first on Mississippi Business Journal.

]]> http://msbusiness.com/blog/2013/04/29/county-to-buy-abandoned-warehouse-at-port/feed/ 0 Trustee to auction off closed casino, some inventory http://msbusiness.com/blog/2013/04/09/trustee-to-auction-off-closed-casino-some-inventory/?utm_source=rss&utm_medium=rss&utm_campaign=trustee-to-auction-off-closed-casino-some-inventory http://msbusiness.com/blog/2013/04/09/trustee-to-auction-off-closed-casino-some-inventory/#comments Tue, 09 Apr 2013 11:28:56 +0000 Associated Press http://msbusiness.com/?p=72946 VICKSBURG — The trustee in the bankruptcy liquidation case of a closed Vicksburg casino boat will auction off the vessel and some its inventory on April 25. The Vicksburg Post reports a court hearing for creditors of the former Grand Station Casino will be heard again May 3. In March, U.S. Bankruptcy Judge Neil P. [...]

The post Trustee to auction off closed casino, some inventory appeared first on Mississippi Business Journal.

]]> http://msbusiness.com/blog/2013/04/09/trustee-to-auction-off-closed-casino-some-inventory/feed/ 0 Bankrupt company says it owes county nothing http://msbusiness.com/blog/2013/03/20/bankrupt-company-says-it-owes-county-nothing/?utm_source=rss&utm_medium=rss&utm_campaign=bankrupt-company-says-it-owes-county-nothing http://msbusiness.com/blog/2013/03/20/bankrupt-company-says-it-owes-county-nothing/#comments Wed, 20 Mar 2013 11:48:19 +0000 Associated Press http://msbusiness.com/?p=71766 MERIDIAN — The financial consultant brought into reorganize bankrupt Handy Hardware says the Texas company disputes a claim by the state of Mississippi that it owes $3.5 million to Lauderdale County. Handy Hardware President Morrie Aaron cites a 2009 memorandum of agreement that says Handy would not have to repay a federal Community Development Block [...]

The post Bankrupt company says it owes county nothing appeared first on Mississippi Business Journal.

]]> http://msbusiness.com/blog/2013/03/20/bankrupt-company-says-it-owes-county-nothing/feed/ 0 Firm that owes state millions files for bankruptcy http://msbusiness.com/blog/2013/03/11/firm-that-owes-state-millions-files-for-bankruptcy/?utm_source=rss&utm_medium=rss&utm_campaign=firm-that-owes-state-millions-files-for-bankruptcy http://msbusiness.com/blog/2013/03/11/firm-that-owes-state-millions-files-for-bankruptcy/#comments Mon, 11 Mar 2013 16:30:50 +0000 Associated Press http://msbusiness.com/?p=71087 MERIDIAN — A Texas company that Mississippi officials say owes the state $3.5 million has filed for bankruptcy, complicating collection efforts. Handy Hardware, a hardware wholesale cooperative, announced in November it was closing its two-year-old Meridian warehouse. By then, the Houston company had missed an October interest payment to Capital One Financial Corp. and defaulted [...]

The post Firm that owes state millions files for bankruptcy appeared first on Mississippi Business Journal.

]]> http://msbusiness.com/blog/2013/03/11/firm-that-owes-state-millions-files-for-bankruptcy/feed/ 1 After much delay, new MDOT headquarters nearing completion http://msbusiness.com/blog/2013/02/22/after-much-delay-new-mdot-headquarters-nearing-completion/?utm_source=rss&utm_medium=rss&utm_campaign=after-much-delay-new-mdot-headquarters-nearing-completion http://msbusiness.com/blog/2013/02/22/after-much-delay-new-mdot-headquarters-nearing-completion/#comments Fri, 22 Feb 2013 13:54:15 +0000 Associated Press http://msbusiness.com/?p=70167 TUPELO — The long-awaited opening of the Mississippi Department of Transportation’s District 1 headquarters is on track for June. MDOT project engineer Matt Dunn tells the Northeast Mississippi Daily Journal the exterior work is done, but there’s still work left to do on the inside. The $5.1-million, 34,000-square-foot facility was scheduled to be finished last [...]

The post After much delay, new MDOT headquarters nearing completion appeared first on Mississippi Business Journal.

]]> http://msbusiness.com/blog/2013/02/22/after-much-delay-new-mdot-headquarters-nearing-completion/feed/ 0 Tribe decides against buying bankrupt casinos http://msbusiness.com/blog/2013/02/05/tribe-decides-against-buying-bankrupt-casinos/?utm_source=rss&utm_medium=rss&utm_campaign=tribe-decides-against-buying-bankrupt-casinos http://msbusiness.com/blog/2013/02/05/tribe-decides-against-buying-bankrupt-casinos/#comments Tue, 05 Feb 2013 15:02:54 +0000 Associated Press http://msbusiness.com/?p=69274 VICKSBURG — An Oklahoma Indian tribe is no longer planning to spend $125 million to buy the bankrupt DiamondJacks casinos in Bossier City, La., and Vicksburg from Legends Gaming. Global Gaming Solutions, a unit of the Chickasaw Nation of Oklahoma, wrote in court papers filed Jan. 25 that the DiamondJacks operations had run further downhill [...]

The post Tribe decides against buying bankrupt casinos appeared first on Mississippi Business Journal.

]]> http://msbusiness.com/blog/2013/02/05/tribe-decides-against-buying-bankrupt-casinos/feed/ 0 Former casino in disrepair while bankruptcy case continues http://msbusiness.com/blog/2013/01/23/former-casino-in-disrepair-while-bankruptcy-case-continues/?utm_source=rss&utm_medium=rss&utm_campaign=former-casino-in-disrepair-while-bankruptcy-case-continues http://msbusiness.com/blog/2013/01/23/former-casino-in-disrepair-while-bankruptcy-case-continues/#comments Wed, 23 Jan 2013 13:16:24 +0000 Associated Press http://msbusiness.com/?p=68525 VICKSBURG — More than nine months after the Grand Station Casino closed amid bankruptcy, the property near Vicksburg’s City Front is in disrepair as several issues are settled in court. In October, U.S. Bankruptcy Judge Neil P. Olack awarded the casino to M Street Inc. after it bid $400,000 for the 36,000-square-foot facility in a [...]

The post Former casino in disrepair while bankruptcy case continues appeared first on Mississippi Business Journal.

]]> http://msbusiness.com/blog/2013/01/23/former-casino-in-disrepair-while-bankruptcy-case-continues/feed/ 0 Bankrupt Missouri company sells local TV station http://msbusiness.com/blog/2013/01/21/bankrupt-missouri-company-sells-local-tv-station/?utm_source=rss&utm_medium=rss&utm_campaign=bankrupt-missouri-company-sells-local-tv-station http://msbusiness.com/blog/2013/01/21/bankrupt-missouri-company-sells-local-tv-station/#comments Mon, 21 Jan 2013 16:14:00 +0000 Associated Press http://msbusiness.com/?p=68486 JACKSON — St. Louis, Mo.-based Roberts Cos. is selling a TV station in Mississippi, one of many assets the financially troubled company has on the market. The St. Louis Post-Dispatch reports a bankruptcy judge approved the sale of WRBJ in Jackson to Trinity Broadcasting Network, a nonprofit religious corporation. Roberts Cos. is led by St. [...]

The post Bankrupt Missouri company sells local TV station appeared first on Mississippi Business Journal.

]]> http://msbusiness.com/blog/2013/01/21/bankrupt-missouri-company-sells-local-tv-station/feed/ 0