At its peak, Columbia House employed more than 1,200 people at its distribution plant in Terre Haute, while another 5,000-plus worked at the massive companion Columbia Records plant. The record club connected the world to both facilities.
A Cincinnati bank that won a $2.1 million judgment on personal guarantees from Centre Properties founders Craig Johnson and James Singleton took the extreme action recently of having bank accounts frozen after the pair did not pay up.
The deal would resolve a 2011 lawsuit accusing former Indianapolis businessman Tim Durham of using Fair Finance funds to prop up National Lampoon. He is a former CEO of both companies.
An auction to liquidate millions of dollars in inventory from now-defunct retailer Clark Appliance has been scheduled for March 28-29, Indianapolis-based Key Auctioneers announced Friday.
A judge ordered HDG Mansur chief Harrold Garrison to appear in court after creditors charged he is dodging their requests for information and filed a contempt motion.
RadioShack Corp. can start getting rid of its inventory right away, a judge said in approving the 94-year-old consumer-electronics chain’s request to begin store-closing sales. The list includes more than a dozen local stores.
The liquidation follows last month’s closing of the high-end appliance retailer’s store in Castleton and comes after a failed attempt to reorganize.
About one month after receiving court approval to sell its 32-bed acute-care surgical hospital in Bloomington, Monroe Hospital LLC filed a Chapter 11 plan of liquidation.
After flying so high, HDG Mansur's Harold Garrison had a long way to fall, and he's taken quite a tumble.
In a letter to customers, company president Bob Clark said he has no intention of closing the 100-year-old business and is working to finalize a deal for financing to continue operating.
The future of the Hawthorns Golf & Country Club in Fishers is expected to become clearer next week, when a bankruptcy court judge weighs in on the lender’s plan to take over operations.
The debt-ridden private company running the Indiana Toll Road intends to transfer its operations to a new entity under a bankruptcy filing planned for Monday.
An examiner will be appointed to conduct an investigation into the bankruptcies of two affiliates of troubled Indianapolis-based developer HDG Mansur. A judge, for the time being, denied a request to appoint a Chapter 11 trustee or convert the case to a liquidation in Chapter 7.
Two affiliates of troubled Indianapolis-based developer HDG Mansur oppose requests to appoint a Chapter 11 trustee or convert the case to a liquidation in Chapter 7, saying significant progress has been made toward a plan and global settlement of claims.
The appellate court reduced Tim Durham's felony convictions from 12 to 10 and ordered him resentenced. It said the government, in an "oversight," had failed to submit key evidence related to the two dismissed counts.
The ruling is a big setback for bankruptcy Trustee Brian Bash, who has yet to provide any recovery to the more than 5,000 Ohio residents who lost more than $200 million when the Tim Durham-led company collapsed in 2009.
The firms claim in court filings that HDG Mansur has no hope of reorganizing under Chapter 11 and is stalling to avoid paying a $5.8 million judgment.
Brad Davis and Paul Estridge Jr. belong to a select fraternity. They’re prominent Indianapolis homebuilders whose companies faltered during the housing downturn, only to re-emerge in another incarnation.
Carmel-based ITT Educational Services no longer has a margin of error, as it tries to dig out from a scuttled real estate deal, tightened rules from lenders and the feds, and its CEO’s pending resignation.
Fishers Banquet & Conference Center’s owners insist business is booming despite a recent bankruptcy filing by the entity that owns the property at 9779 North by Northeast Blvd.
