A divided U.S. Supreme Court has ruled that debt collectors can use bankruptcy proceedings to try to collect liabilities that are so old the statute of limitations has expired.
The plan, approved by a bankruptcy judge, allows 10 employees to collectively receive up to $1.1 million in bonuses if certain conditions of a sale are met.
Landlords across Indiana are feeling the pain from the collapse of Marsh Supermarkets, but none more so than a Canadian firm that had as many as 12 of the grocer’s stores in its portfolio.
The deadline was Monday for the company to identify a so-called stalking horse bidder, which would make an initial offer for the grocer's assets that any other suitor would have to beat. Bidders for the business still could emerge, but time is running out.
Fishers-based Marsh Supermarkets has received offers for at least some of its remaining 44 stores “from numerous bidders,” the company said Wednesday evening, less than two hours after the bid deadline set by bankruptcy court.
The Fishers-based company would not provide details on the offers, which it is evaluating with creditors. The fate of its 44 remaining stores likely will be determined next week.
A bankruptcy court filing Tuesday afternoon says an affiliate of Kroger plans to buy 11 stores for $16 million and an affiliate of Fresh Encounter plans to buy 15 stores for $8 million.
Under the agreement, prospective store buyers Kroger and Fresh Encounter would be able to operate pharmacies at the locations much sooner than rival CVS expected.
Four proposals were submitted this week to the Hoosier Heritage Port Authority for expanded service along the Nickel Plate rail line, conflicting with another plan to turn the corridor into a pedestrian trail.
In April, Carmel officials put out a call for a developer to construct for-sale housing options on the parcel adjacent to the Carmel fire and police departments.
In a lawsuit filed this month in Marion Superior Court, Indianapolis claims its northern neighbor is encroaching on the city’s corporate boundary. The seven-page complaint is seeking a preliminary injunction preventing Carmel from continuing with plans to build four roundabouts.
Indianapolis-based Onyx + East plans to build 64 units near 116th Street and College Avenue. It also has a project in the Village of West Clay and is negotiating for land in the heart of the city.
Securities filings show how activist investors gained influence, how organic turnaround plans lost favor, and how IAC played hardball at the negotiating table.
A virtuous circle develops as rising tech stocks continue to attract new buyers and index funds must continue their purchases to maintain their proportion in the index.
