The U.S. Bankruptcy Court for the Southern District of Mississippi has approved a motion to push back the date of the Mississippi Phosphates Corp. auction from March to May. As a result, bids are now due May 5, with an auction May 12 and a hearing to approve the final sale May 22.
Bids were initially due in March 17. By March 16, various creditors objected to the terms that had been assessed for unexpired leases and executory contracts. As a result, more time was needed to iron out those disagreements.