Friede Goldman Halter Files Bankruptcy - WLOX.com - The News for South Mississippi

Friede Goldman Halter Files Bankruptcy

Gulfport based Friede Goldman Halter filed for Chapter 11 bankruptcy protection, but the company says it will not lead to layoffs.

Friede's been in financial struggles for some time now. Earlier this year, a dispute over contracts to build offshore drilling rigs led to layoffs. The company lost $102 million last year.

Friede attorney John Corlew said Thursday that "business will continue," and the company filed bankruptcy in order to "reorganize under the supervision of the bankruptcy court and pay off creditors."

Court papers filed Thursday show Friede Goldman Halter has $802 million in assets, with $704 million in debts.

The bankruptcy filing is no surprise. The company acknowledged it could happen when it released its annual report earlier this month.

  • NEWSMore>>

  • Sheriff: Man found dead in freezer was strangled

    Sheriff: Man found dead in freezer was strangled

    Thursday, March 23 2017 11:49 AM EDT2017-03-23 15:49:48 GMT
    Autopsy results show Jerry Floyd Kirkendall was strangled before his body was stuffed in a freezer inside a home he was renting in the Latimer community. (Photo source: WLOX)Autopsy results show Jerry Floyd Kirkendall was strangled before his body was stuffed in a freezer inside a home he was renting in the Latimer community. (Photo source: WLOX)

    Jackson County Sheriff Mike Ezell said autopsy results show Jerry Floyd Kirkendall was strangled before his body was stuffed in a freezer inside a home he was renting in the Latimer community.

    More >>

    Jackson County Sheriff Mike Ezell said autopsy results show Jerry Floyd Kirkendall was strangled before his body was stuffed in a freezer inside a home he was renting in the Latimer community.

    More >>
  • Stormy for March's final Saturday

    Stormy for March's final Saturday

    Thursday, March 23 2017 11:40 AM EDT2017-03-23 15:40:38 GMT
    As a Saturday cold front moves in from the west, numerous thunderstorms, some strong, will put parts of the region at risk for severe weather.As a Saturday cold front moves in from the west, numerous thunderstorms, some strong, will put parts of the region at risk for severe weather.

    A few isolated severe storms will be possible, producing mainly threats of damaging wind gusts. But, hail and an isolated tornado or two cannot be ruled out.

    More >>

    A few isolated severe storms will be possible, producing mainly threats of damaging wind gusts. But, hail and an isolated tornado or two cannot be ruled out.

    More >>
  • Gulfport students learn about career opportunities

    Gulfport students learn about career opportunities

    Thursday, March 23 2017 11:11 AM EDT2017-03-23 15:11:51 GMT
    Zicuria and Zykeyia were just two of the 7th graders at Central Middle School's career day Thursday. Could they become future WLOX anchors? We'll find out around the year 2027 after they graduate from college. (Photo source: WLOX)Zicuria and Zykeyia were just two of the 7th graders at Central Middle School's career day Thursday. Could they become future WLOX anchors? We'll find out around the year 2027 after they graduate from college. (Photo source: WLOX)

    These students graduate from college sometime after 2025. So they still have time to chart which career path they may follow.

    More >>

    These students graduate from college sometime after 2025. So they still have time to chart which career path they may follow.

    More >>
Powered by Frankly