Posts Tagged ‘bankruptcy’

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 […] [...]

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 […] [...]

« 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