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News for the Carolinas
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Tuesday, April 23, 2013
The president of a major development firm in South Carolina has filed for bankruptcy protection.
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Friday, November 16, 2012
Hostess Brands says it is going out of business and closing plants that make Twinkies and Wonder Bread as well as laying off all of its 18,500 workers.
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Thursday, August 23, 2012
Defunct charter air service Direct Air owes nearly $10 million in fines to federal regulators for suddenly canceling all its flights and leaving passengers stranded.
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Wednesday, May 16, 2012
The trustee handling the bankruptcy case for the now defunct Direct Air asked a judge to look deeper into the airline's finances.
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Monday, April 23, 2012
"So you owe seventy million. So what? My tennis is still getting better than ever," said Myrtle Beach lawyer Harry Pavilack. Federal Bankruptcy Court Trustee, Robert Anderson, confirms that Pavilack, a democratic candidate for South Carolina's 7th Congressional Seat, owes creditors more than $72 million dollars.
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Wednesday, April 11, 2012
Direct Air will not fly again. Bankruptcy judge Melvin Hoffman ruled Wednesday that the Myrtle Beach-based charter airline will be liquidated.
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Tuesday, April 10, 2012
The owners of Myrtle Beach based Direct Air believe they can still bring the troubled airline back to life.
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Tuesday, March 27, 2012
As a fuller picture of Direct Air's financial ruin emerged at a hearing in U.S. Bankruptcy Court here Monday, the charter air service's current and former owners began blaming each other for the company's dramatic collapse.
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Friday, March 23, 2012
The United State Trustee filed a motion Friday with the U.S. Bankruptcy Court for the State of Massachusetts to allow Direct Air, doing business as Southern Sky Air Tours, Inc., to convert its case from Chapter 11 bankruptcy to Chapter 7.
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Friday, March 16, 2012
Myrtle Beach International Airport spokesperson Lauren Morris says Direct Air owes the airport $174,912.59.
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Friday, March 16, 2012
Direct Air, doing business as Southern Sky Air Tours, Inc., filed for Chapter 11 bankruptcy protection Thursday.
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Thursday, August 04, 2011
The Myrtle Beach amusement park that's been dormant for two years has a new owner with plans to reopen the park next year.
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Wednesday, August 03, 2011
Freestyle Music Park is under new ownership, and the Horry County amusement park could reopen for business next summer.
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Saturday, July 30, 2011
All North Carolina operations of a chicken processor bought out of bankruptcy earlier this yearly are closing, leaving more than 1,000 people jobless.
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Friday, April 15, 2011
It began with such promise, but Hard Rock Park, which opened for business in Myrtle Beach three years ago on April 15th, 2008, quickly went downhill. The park never attracted the crowds predicted by its developers and less than six months after opening, the park's owners filed for bankruptcy.
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