Firm that owes state millions files for bankruptcy
by Associated Press Published: March 11,2013
Tags: bankrupt, bankruptcy, distribtution, economic development, incentive, interest, loan, warehouse
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 [...] [...]
