Stories tagged with "bankruptcy court"

Lauth wants loans modified by Jeff Swiatek

But unsympathetic equity partner could delay altered terms Trying to pave its re-entry from bankruptcy, Lauth Investment Properties has proposed loan modifications with lenders on... – Mar 04, 2010 at 12:00 AM in Business

Lilly agrees to $1M deal to license diabetes drugs by indystar

Indianapolis — Toronto drug developer Transition Therapeutics Inc. said Wednesday that it will pay $1 million to license a group of potential diabetes drugs from... – Mar 04, 2010 at 12:00 AM in Health Care & Pharma

Simon ready to move quickly on General Growth by indystar

Simon Property Group Inc. is prepared to move “very quickly” to close a proposed acquisition of bankrupt rival General Growth Properties Inc., Simon Chief Executive Officer David... – Mar 02, 2010 at 10:34 AM in Retail/Real Estate

General Growth shuns Simon, picks Canadian buyer by Jeff Swiatek

Bankrupt mall developer General Growth Properties Inc. said today it’s agreed to a recapitalization plan with Brookfield Asset Management Inc. The plan would allow... – Feb 24, 2010 at 7:14 PM in Business

Fair Finance investors file bankruptcy court petition by indystar

Akron, Ohio — Ohio-based investment company Fair Finance Co., owned by Indiana businessman Timothy S. Durham, faces a petition to force it into bankruptcy. The involuntary... – Feb 09, 2010 at 12:00 AM in Business

Simon sees 4th-quarter slip in funds, profits by Jeff Swiatek

Simon Property Group’s profit and funds from operations fell in the fourth quarter, but its stock price jumped Friday as the Indianapolis mall developer restored its all-cash... – Feb 06, 2010 at 12:00 AM in Business

Visteon retirees expect hearing over pension transfer by indystar

More than 21,000 former Visteon employees could see cuts in their retirement benefits if the U.S. Bankruptcy Court allows Visteon to transfer its three U.S. pension plans to the... – Jan 13, 2010 at 7:23 AM in Business

$1.3M ruling sought against councilman by Jon Murrary

Paul Bateman is accused of misusing foundation’s funds A trustee appointed to oversee the bankruptcy of an Indianapolis faith-based nonprofit has sought a nearly $1.3 million... – Dec 19, 2009 at 1:03 AM in Communities

Casino owner gets OK on way to pay lenders by indystar

Wilmington, Del. — Majestic Star Casino LLC, owner of two casinos in Gary, received bankruptcy court approval to use cash representing collateral to pay secured lenders.... – Dec 19, 2009 at 12:00 AM in Business

Indianapolis-based mall giant about to get bigger by Jeff Swiatek

Buying 22 outlet centers will give Simon a piece of recession success story Simon Property Group’s planned $2.3 billion acquisition of Prime Outlets malls, announced Tuesday,... – Dec 09, 2009 at 1:16 AM in Retail/Real Estate

Majestic Star Casino files for bankruptcy by indystar

Majestic Star Casino LLC, the owner of two casinos in Gary, is seeking bankruptcy protection from creditors about three weeks after senior secured lenders called a default and... – Nov 24, 2009 at 12:00 AM in Business

Gary riverboat casino operator files for bankruptcy by indystar

Majestic Star Casino, owner of four U.S. casinos including two riverboats in Gary, filed for Chapter 11 bankruptcy today. In a filing with the U.S. Bankruptcy Court for the... – Nov 23, 2009 at 9:22 AM in Business

Market for police cars getting competitive by John Russell

Indiana’s Carbon Motors focuses on ‘homeland security market’ Suddenly, there’s an all-out war among automakers for the next generation of police cars.... – Nov 23, 2009 at 12:00 AM in Business

No. 2 mall company may not sell its holdings by Jeff Swiatek

Bankrupt mall developer General Growth Properties said Thursday it has restructured a large chunk of its mortgage debt and hopes to start exiting bankruptcy court by the end of the... – Nov 20, 2009 at 12:21 AM in Business

Simon positions itself to expand by Jeff Swiatek

Nation’s largest mall developer may be preparing to acquire biggest competitor Simon Property Group may be laying the groundwork for the biggest acquisition of its 49-year... – Nov 19, 2009 at 1:23 AM in Retail/Real Estate

Major lender files for Chapter 11 by indystar

Business loans to continue, as action keeps CIT afloat; U.S. likely out $2.3 billion WASHINGTON — Lender CIT Group has filed for Chapter 11 bankruptcy protection in an effort... – Nov 02, 2009 at 12:00 AM in Business

Dining chain Max & Erma's files Chapter 11 bankruptcy by indystar

Pittsburgh — Restaurant chain Max&Erma’s has filed for Chapter 11 bankruptcy protection, listing between $1 million and $10 million in debts. The hamburger and... – Oct 28, 2009 at 12:00 AM in Business

Restaurant chain Max & Erma's files for bankruptcy by indystar

The restaurant chain Max&Erma’s Inc. has filed for Chapter 11 bankruptcy protection, listing between $1 million and $10 million in debts. The hamburger and casual dining... – Oct 27, 2009 at 9:43 AM in Business

Delphi emerges from bankruptcy most recent comment by Mercedita

The economic meltdown brought a major dilemma to... – Oct 07, 2009 at 11:48 PM

Factory may be closing by indystar

Ashley — A company that makes household chemicals plans to close a northeastern Indiana factory where 55 people work. Chemtura Corp. has asked a New York bankruptcy court to... – Sep 19, 2009 at 12:00 AM in Business