Gordmans closure to end 139 jobs at Indy-area distribution center
The century-old discount department store chain, which has a store in Avon, said it planned to permanently close a distribution center southwest of Indianapolis on May 12.
Bankruptcy
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Gordmans Stores files for bankruptcy with plan to liquidate
The century-old discount department store chain operates one store in the Indianapolis area and several more in other parts of the state.
Other suitors will have chance to outbid HHGregg’s proposed buyer
The Indianapolis-based appliance and electronics retailer says it has interest from dozens of potential purchasers.
Radio Shack ‘rescuer’ files bankruptcy, likely to liquidate
The company that set out to revive the fortunes of RadioShack, the venerable consumer-electronics chain, filed for bankruptcy Wednesday after failing to keep up with changing consumer habits. The filing could mean the end for eight remaining area stores.
HHGregg files for bankruptcy, lines up buyer
The company did not disclose the identity of the purchaser. CEO Robert Riesbeck said HHGregg is “fully committed” to continuing to operate the 132 stores that will remain after it completes the closings announced last week of 88 stores.
Embattled businessman Eyler files for bankruptcy
The filing follows a wave of lawsuits filed against Gary Eyler in connection with the collapse of The College Network, a company he founded in 1995 that provided online test-prep materials for college entrance exams.
HHGregg could file bankruptcy as soon as next week
The news comes one day after the Indianapolis-based retailer announced that it was closing 88 stores and three distribution centers
ITT trustee hires ‘feared’ litigators
The bankruptcy trustee for ITT Educational Services has recruited some big hitters to help with investigating and prosecuting claims against the school’s former directors and officers.
HHGregg preparing to file for bankruptcy, sources say
The 61-year-old retailer of appliances and electronics is preparing to file for bankruptcy as it grapples with an ongoing slump in sales, according to people familiar with the matter.
Debt-collection executive Wolfe to plead guilty to fraud charges
Todd Wolfe’s Deca Financial Services LLC was forced into bankruptcy in 2014, and he was indicted on federal fraud charges the following year.
Bankruptcy trustee appears poised to sue former ITT brass
Deborah Caruso has launched a no-holds-barred inquiry into the defunct company's business practices and is seeking documents and depositions from the accounting firms that audited its books.
2016 TOP STORIES: Under siege, ITT folds, fires 8,000
A longtime provider in the for-profit college education world shuttered this fall after years of pressure from federal regulators over its recruiting methods and students’ educational performance.
2016 TOP STORIES: Retooled Republic preps to exit bankruptcy
Indianapolis-based Republic Airways Holdings Inc., which filed for Chapter 11 bankruptcy protection in February, says it expects to emerge from bankruptcy during the first quarter of 2017.
ITT’s bankruptcy fallout includes warehouse of paperwork
Hundreds of boxes of potentially important records are being stored as part of the ITT Educational Services bankruptcy. Among them are legal documents, loan information, Social Security numbers and other personal data.
Republic Airways plans to emerge from bankruptcy next quarter
The Indianapolis-based airline company, which filed for Chapter 11 bankruptcy protection in February, filed its plan of reorganization this week.
Shareholders of Republic Airways flex muscle in bankruptcy
Two hedge funds that own a quarter of the stock argue the Indianapolis-based carrier, which flies commuter routes on contract for the nation’s biggest airlines, really wasn’t insolvent when the company filed for bankruptcy—a move that gave it the leverage to negotiate much more favorable pacts with Delta, United and American. And with those deals now sealed, the outlook is even brighter.
Vertellus pension plan to get $36M bailout from federal agency
A federal agency has stepped in to pay almost all of a $36 million shortfall in pension benefits for current and future retirees of Vertellus Specialties Inc., an Indianapolis-based manufacturer that is working its way through a Chapter 11 bankruptcy.
ITT Educational Services files for bankruptcy after shutdown
The Carmel-based, for-profit educator began liquidation proceedings Friday after closing 136 technical schools, leaving over 35,000 students stranded in one of the largest college shutdowns in U.S. history.
New hope surfaces for victims of Durham’s Ponzi scheme
An appeals court ruling has cleared the way for Fair Finance Co.'s bankruptcy trustee to revive a lawsuit against one of the company's lenders,a Fortune 500 company with extensive resources. The trustee was able to extract a $35 million settlement from another one of the company's lenders.
Golfsmith bankruptcy brings fresh woes to Under Armour, Nike
Golfsmith, which has 109 stores in the U.S. and 55 in Canada, filed for Chapter 11 bankruptcy on Wednesday. The retailer has one store in Indianapolis.