Posts Tagged ‘bankruptcy’

Pipe-maker files for bankruptcy; wants to sell plant

BAY ST. LOUIS — The owner of a steel pipe mill in Bay St. Louis has filed for bankruptcy protection and seeks to sell the plant. PSL North America, LLC, which began operations in 2008, made the Chapter 11 filing June 16 in Delaware. In court papers, it said it plans to sell itself for […] [...]

Trustee wants to hire Maryland firm to sell frac sand facility, mine

PICAYUNE — Richard W. Cryar, as Chapter 11 trustee for Alliance Consulting Group, LLC, has filed a motion with the U.S. Bankruptcy Court for the Southern District of Mississippi to hire Heritage Equity Partners (HEP) of Easton, Md., to seek a buyer for a recently built frac sand dry processing plant in conjunction with a […] [...]

FTC approves Franchise Services’ sale of airport locations

RIDGELAND — Franchise Services of North America Inc. (FSNA) has released an update on the previously announced proposed sale of 22 airport concession agreements used by the company’s wholly-owned subsidiary, Simply Wheelz, LLC, which formerly did business as Advantage Rent A Car. The Federal Trade Commission has approved the sale of 12 of the locations […] [...]

Franchise Services sells assets of bankrupt Advantage Rent A Car

RIDGELAND — Franchise Services of North America Inc.’s wholly-owned subsidiary, Simply Wheelz LLC, which does business as Advantage Rent A Car, has completed the sale of 41 U.S. airport concession agreements used in the Advantage business to The Catalyst Capital Group Inc. (on behalf of one or more funds managed by it). Catalyst was selected […] [...]

Franchise Services gives update on bankruptcy proceedings

RIDGELAND — Franchise Services of North America Inc. has issued an update on the previously announced proposed sale of certain assets used in connection with the business of the company’s wholly-owned subsidiary, Simply Wheelz, LLC, which does business as Advantage Rent A Car. The Catalyst Capital Group Inc., on behalf of one or more funds […] [...]

Man indicted, accused of bankruptcy fraud

JACKSON — A Jackson man was indicted Wednesday on charges that he defrauded his bankrupt business of more than $9 million. William “Butch” Dickson faces charges in U.S. District Court in Jackson. The 58-year-old is being held without bond in Mississippi, and a court appearance was set for Tuesday. Federal prosecutors say that after Dickson’s […] [...]

Franchise Services of North America gets cease trade order

RIDGELAND — The Alberta Securities Commission (ASC) has issued a cease trade order against Franchise Services of North America Inc. (FSNA). The order was issued due to FSNA failing to file its audited annual financial statements and its related management’s discussion and analysis and certification of annual filings for the year ended Sept. 30, 2013, […] [...]

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 […] [...]

« Previous Page Next Page »

Recent Posts

Polls

How ready is your business for health care reform?

View Results

The MBJ poll should not be considered a scientific one. Results reflect only the opinion of those who participate.

Loading ... Loading ...

Recent Comments