Posts Tagged ‘bankruptcy’

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 […] [...]

Bankrupt Simply Wheelz chooses prevailing bidder for assets

RIDGELAND — Franchise Services of North America Inc.’s wholly owned subsidiary, Simply Wheelz LLC, which does business as Advantage Rent A Car, has selected The Catalyst Group Inc. (on behalf of one or more funds managed by it) as the prevailing bidder in the auction of certain of the Advantage assets conducted in accordance with […] [...]

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’

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

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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