Posts Tagged ‘bankrupt’

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

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 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 […] [...]

Chickasaws moving forward on buy of riverboat casino

Vicksburg — An Oklahoma Indian tribe is moving forward with buying the DiamondJacks casinos in Bossier City, La., and Vicksburg. A bankruptcy auction did not occur after Global Gaming Solutions was the only bidder to qualify. The unit of the Chickasaw Nation of Oklahoma plans to pay $27.5 million in cash and $97.5 million in […] [...]

Judge approves college’s purchase of country club

COLUMBUS — A federal bankruptcy judge has approved East Mississippi Community College’s acquisition of the Columbus Country Club. EMCC was the only bidder at $1.6 million. EMCC officials tell The Commercial Dispatch the school will use the property to expand its course offerings and relocate programs from crowded campus in Mayhew. The country club, which […] [...]

Art Horizons closes; owes county, city and planning district

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 […] [...]

Owners of bankrupt casino ordered to find buyer

VICKSBURG — By order of the U.S. Bankruptcy Court, Delta Development & Investments has retained Equity Partners CRB (EP) to find a buyer for its Grand Station Casino barge on the Yazoo River in Vicksburg. According to EP, many gaming-related machines and tables would be included in the sale. The court has ordered the accelerated […] [...]

Owners of DiamondJacks Casino bankrupt; selling to Chickasaws

VICKSBURG — The owner of casinos in Vicksburg and Bossier City, La., has filed for bankruptcy and plans to sell its casinos to an Oklahoma Indian tribe. Legends Gaming filed for Chapter 11 bankruptcy reorganization in Shreveport, La. The company says it will sell its DiamondJacks casinos to Global Gaming Solutions for about $27.5 million, […] [...]

Hancock Fabrics losses mount; faces many challenges

BALDWYN — Hancock Fabrics faces many challenges, according to analysts and the company. The Baldwyn-based company last month reported it lost nearly $11.3 million in the most recent fiscal year. The fabric and craft retailer additionally had to cope with falling sales and self-admitted merchandise problems. In the past year, it’s also hired a new […] [...]

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