June 12, 2019
Indianapolis Bankruptcy News Farming in central Indiana has already gone through difficult times. Many farmers have faced growing balances on operating lines of credit. Farmers near Indianapolis also always face the inherent instability of farm product markets. This particular problem, poor market prices, is being intensified by trade war tariffs. Local Soy Bean Farms Hit […]
June 6, 2019
As the student loan crisis looms, many proposals to this crisis are being presented in anticipation of the next presidential election. Various presidential candidates are presenting their own solutions. Questions come quickly into play – such as are these solutions constitutional? Is bankruptcy or something else the best solution? Elizabeth Warren’s Student Loan Solution Elizabeth […]
May 29, 2019
As the retail apocalypse continues, Dress Barn decides to close all of its 650 stores. Although this kind of news seems like the new “norm,” the numbers are truly shocking. It is estimated that a total of almost 6,000 to 7,000 retail stores will close in 2019 alone. Dress Barn, however, will be a large […]
May 21, 2019
As sales decrease at Steak n Shake locations throughout the United States, the closing of multiple locations has begun in Indianapolis. The corporation who owns the corporate side to Steak n Shake is located in San Antonio, Texas. This company, called Biglari Holdings, Inc, has stated that these closings are only temporary. Temporary Closings Making […]
March 21, 2019
Farm bankruptcy filings are on the rise nationally, a trend that appears to be on the rise also within Indiana’s farming community. Farm bankruptcy cases come in different forms such as Chapter 7, Chapter 12, or even Chapter 11 filings depending on the size, needs, and complexity of the bankruptcy case. This trend is startling […]
March 19, 2019
Fashion retailers are falling quickly, Charlotte Russe adding its Chapter 11 filing to the mix. Charlotte Russe filed for bankruptcy originally with a plan to close about 90 stores. However, this plan of reorganization eventually descended until the plans changed to include the closing of 500 stores and a full liquidation of the stores’ inventory. […]
March 14, 2019
The Barrington, a high-end retirement community in Carmel, filed for Chapter 11 bankruptcy protection on January 30th, 2019. The community is owned by Mayflower Communities of Dallas, the entity which filed for the bankruptcy relief. The development has only been open for roughly only six years, making this filing a surprise to many who live […]
March 12, 2019
Beloved Indiana retailer Payless Shoes has filed for their second bankruptcy filing in the last two years. The current filing will likely be a total liquidation that will cause their stores to be closed throughout the United States. Payless Shoes Failed Somewhat with First Bankruptcy Reorganization Although the first Payless Shoes bankruptcy filed in 2017 […]
February 26, 2019
As you may have heard, USA gymnastics has filed for Chapter 11 bankruptcy relief in the Indiana Southern District for bankruptcy. This filing which occurred in early December 2018 is certainly high-profile Indianapolis bankruptcy news. Recently a deadline of April 26, 2019 has been solidified so far for filing claims in the case. USA Gymnastics: […]
February 26, 2019
The locally popular Scotty’s Brewhouse has filed for Chapter 11 bankruptcy relief. This well known, locally-grown Indianapolis chain has been a popular Indianapolis and greater Indiana social landmark. At this point, the outlook may be bright. This local company plans to restructure and even eventually expand it’s national reach if all things go well. Scotty’s […]
