Posts Tagged ‘bankruptcy’

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. […] [...]

County to buy abandoned warehouse, industrial property

NATCHEZ — Adams County has agreed to buy a 450,000-square-foot warehouse at the Natchez-Adams County Port. County board of supervisors President Darryl Grennell says the warehouse will help economic development in the area. The warehouse on the Mississippi River houses products loaded on and unloaded off barges. The port has operated the warehouse for Valley […] [...]

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 […] [...]

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