Posts Tagged ‘bankruptcy’

Trustee to auction off closed casino, some inventory

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. […] [...]

TROTTER: Dealing with the issues of debt

by Published: March 29,2013

Tags: bankruptcy, Business Week, debt, Ike Trotter

A couple of years back, an article in Business Week caught my attention by stating that older Americans -those identified as 55 and over, are filing for bankruptcy at a faster rate than the general population today. Even more surprising in this category would be the inclusion of those raised during the Depression and World […] [...]

Bankrupt company says it owes county nothing

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

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 […] [...]

Trustees of bankrupt casino want to auction off boat, inventory

VICKSBURG — The trustee in the bankruptcy liquidation case of a closed Vicksburg casino boat has requested that the vessel and some of its inventory be auctioned. The Vicksburg Post reports creditors of the closed Grand Station Casino will go before a court-appointed trustee on April 5 as the case proceeds. Trustee Stephen Smith continued […] [...]

Stafford made member

by Published: March 1,2013

Tags: bankruptcy, McGlinchey Stafford, Stephen Masley

  McGlinchey Stafford, PLLC is pleased to announce the election of Stephen T. Masley as a member of the firm. Masley joined McGlinchey Stafford as an associate in 2006. Masley practices in the commercial litigation section of the firm, primarily focusing on bankruptcy, consumer class actions and consumer financial services litigation. He earned his J.D. […] [...]

After much delay, new MDOT headquarters nearing completion

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

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. […] [...]

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