Posts Tagged ‘bankrupt’

County to buy abandoned warehouse, industrial property

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 […] [...]

Trustee to auction off closed casino, some inventory

by Associated Press Published: April 9,2013

Tags: auction, bankrupt, bankruptcy, casino, Commercial Real Estate, gamble, gambler, gaming, sale, sell, trustee

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. […] [...]

Bankrupt company says it owes county nothing

by Associated Press Published: March 20,2013

Tags: bankrupt, bankruptcy, consultant, county government, distribution, grant, reimbursement, warehouse

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 […] [...]

Firm that owes state millions files for bankruptcy

by Associated Press Published: March 11,2013

Tags: bankrupt, bankruptcy, distribtution, economic development, incentive, interest, loan, warehouse

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 […] [...]

After much delay, new MDOT headquarters nearing completion

by Associated Press Published: February 22,2013

Tags: bankrupt, bankruptcy, build, builder, building, construction, contractor, state agency, transportation

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 […] [...]

Tribe decides against buying bankrupt casinos

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 […] [...]

Former casino in disrepair while bankruptcy case continues

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 […] [...]

Bankrupt Missouri company sells local TV station

by Associated Press Published: January 21,2013

Tags: acquire, acquisition, bankrupt, bankruptcy, broke, court, media, medium, purchase, sale, sell, station, television, TV

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. […] [...]

New bankruptcy judge to take oath next week

by Associated Press Published: January 7,2013

Tags: bankrupt, bankruptcy, bench, curt, judge, judicial, judiciary, justice, law, legasl, oath, swear

ABERDEEN — A new bankruptcy judge for northern Mississippi will be sworn in Jan. 18. Jason Woodard, a 37-year-old lawyer from Birmingham, Ala., will be sworn in to replace David Houston III, the Northeast Mississippi Daily Journal reports. Houston had been the only federal bankruptcy judge in the Northern District since the bankruptcy court was […] [...]

Commissioners give nod to co-op’s purchase of power plant

BATESVILLE and HATTIESBURG — The Mississippi Public Service Commission has approved the $286-million sale of bankrupt LSP Energy to South Mississippi Electric Power Association. Commissioners voted 3-0 yesterday to give Hattiesburg-based SMEPA the right to operate the natural gas-fired power station in Batesville. The order also gives SMEPA the right to acquire any rights of […] [...]

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