Posts Tagged ‘bankruptcy’

New bankruptcy judge to take oath next week

by Published: January 7,2013

Tags: bankrupt, bankruptcy, bench, curt, judge, judicial, judiciary, justice, law, legasl, oath, swear

ABERDEEN — A new bankruptcy judge for northern Mississippi will be sworn in Jan. 18. Jason Woodard, a 37-year-old lawyer from Birmingham, Ala., will be sworn in to replace David Houston III, the Northeast Mississippi Daily Journal reports. Houston had been the only federal bankruptcy judge in the Northern District since the bankruptcy court was […] [...]

Hostess’ shutdown leaves schools looking for bread

ACROSS MISSISSIPPI — Dozens of Mississippi school districts are looking for a new supplier for bread and rolls as the shutdown of Hostess impacts lunchrooms. The Mississippi Department of Education tells The Clarion-Ledger six out of seven regions of the state are affected by the shutting down of Hostess Brands foods. Department spokeswoman Patrice Guilfoyle […] [...]

Commissioners give nod to co-op’s purchase of power plant

BATESVILLE and HATTIESBURG — The Mississippi Public Service Commission has approved the $286-million sale of bankrupt LSP Energy to South Mississippi Electric Power Association. Commissioners voted 3-0 yesterday to give Hattiesburg-based SMEPA the right to operate the natural gas-fired power station in Batesville. The order also gives SMEPA the right to acquire any rights of […] [...]

Chickasaws moving forward on buy of riverboat casino

Vicksburg — An Oklahoma Indian tribe is moving forward with buying the DiamondJacks casinos in Bossier City, La., and Vicksburg. A bankruptcy auction did not occur after Global Gaming Solutions was the only bidder to qualify. The unit of the Chickasaw Nation of Oklahoma plans to pay $27.5 million in cash and $97.5 million in […] [...]

Owners of bankrupt casino ordered to find buyer

VICKSBURG — By order of the U.S. Bankruptcy Court, Delta Development & Investments has retained Equity Partners CRB (EP) to find a buyer for its Grand Station Casino barge on the Yazoo River in Vicksburg. According to EP, many gaming-related machines and tables would be included in the sale. The court has ordered the accelerated […] [...]

Owners of DiamondJacks Casino bankrupt; selling to Chickasaws

VICKSBURG — The owner of casinos in Vicksburg and Bossier City, La., has filed for bankruptcy and plans to sell its casinos to an Oklahoma Indian tribe. Legends Gaming filed for Chapter 11 bankruptcy reorganization in Shreveport, La. The company says it will sell its DiamondJacks casinos to Global Gaming Solutions for about $27.5 million, […] [...]

Hancock Fabrics losses mount; faces many challenges

BALDWYN — Hancock Fabrics faces many challenges, according to analysts and the company. The Baldwyn-based company last month reported it lost nearly $11.3 million in the most recent fiscal year. The fabric and craft retailer additionally had to cope with falling sales and self-admitted merchandise problems. In the past year, it’s also hired a new […] [...]

Lawyer reports McAllister, Nissan reach settlement

JACKSON — A lawyer for Deuce McAllister says a deal has been reached with Nissan Motor Acceptance Corp. in a federal lawsuit over the former Ole Miss and New Orleans Saints running back’s failed Mississippi car dealership. Attorney Joe Roberts tells The Associated Press the settlement has been submitted to the court for approval. He […] [...]

Creditor looking to buy bankrupt Grand Soleil, casino property

NATCHEZ — Bankruptcy court filings show that a creditor is buying the Grand Soleil Hotel and proposed casino property for about $5.6 million. The Natchez Democrat reports RJB Financing, LLC will pay with about $4.1 million cash and a $1.5 million letter of credit. In May 2011, businesses reportedly owed a total of $1.6 million […] [...]

New Orleans-based company buying bankrupt Monmouth

NATCHEZ — A New Orleans hotel management company is purchasing Monmouth, a historic plantation property. The Natchez Democrat reports New Orleans Hotel Consultants, a hotel management company, is taking over operations at Monmouth after United Mississippi Bank initiated foreclosure proceedings on the property Feb. 29. Warren Reuther, president of New Orleans Hotel Consultants, declined to […] [...]

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