Bankruptcy
Trustee seeks $1B from Fair Finance's lenders
February 8, 2012
Greg AndrewsFair Finance Co.’s bankruptcy trustee finally has found some deep pockets to go after in his quest to recover money
for the small-time Ohio investors who lost more than $200 million when the Tim Durham-led company failed two years ago.
MoreLatest Fair suits target Kato Kaelin, playmate, many others
February 7, 2012
Scott OlsonA former Playboy playmate, a well-known rapper and local businessmen are among the defendants in a barrage of lawsuits filed
by a bankruptcy trustee trying to collect funds for investors of Fair Finance Co., the defunct Ohio firm led by Tim Durham.
MoreBig-promising donor to area charities coming up empty
February 4, 2012
Kathleen McLaughlinA Johnson County man whose home is listed for sheriff's sale and who has filed for bankruptcy protection twice and been convicted
of check fraud managed to convince several Indianapolis cultural institutions that he was good for multimillion-dollar gifts.
MoreMini Thin maker agrees to $1M bankruptcy settlement
February 4, 2012
Kathleen McLaughlinCarmel resident Richard Deer, who built a business around Mini Thin dietary supplements, has agreed to pay $1 million in his
company’s bankruptcy case.
MoreGovernor's Fair Finance settlement yields just $3,000
January 24, 2012
Greg AndrewsCourt papers show the Mitch for Governor Campaign Committee isn't paying more in a settlement with Fair Finance Co.’s
bankruptcy trustee because it has just $3,500 left.
MoreFair trustee sues Durham's mother for $831,000
January 22, 2012
Greg AndrewsThe lawsuit alleges Mitza Durham of Seymour received 58 checks or wire transfers from the indicted financier from February
2006 through November 2009.
MoreHome-foreclosure hiatus drives down bankruptcies
January 14, 2012
Kathleen McLaughlinThere were 22,754 cases filed in Southern District of Indiana in 2011, compared with 27,394 the prior year.
MoreLatest Fair Finance suits target Durham associates
December 27, 2011
Greg AndrewsDefendants include companies affiliated with Indianapolis restaurateur Henri Najem, the rapper Ludracis and former Indianapolis
Colts quarterback Blair Kiel.
MoreEast-side apartment complex target of $9M foreclosure
December 13, 2011
A Marion Superior Court judge has approved the appointment of a receiver to manage Lexington Park near North Post Road and
East 38th Street.
MoreFailed dental chain lists no assets, $3.6 million debt
November 29, 2011
Associated PressA New York dental chain that closed offices in 13 states, including eight in Indiana, without warning late last year lists
no assets and liabilities of $3.6 million in a bankruptcy filing.
MoreBrizzi agrees to pay Fair Finance nearly $200K
November 22, 2011
Greg AndrewsThe Fair Finance trustee alleged that, in addition to being huge campaign contributors to former Marion County Prosecutor
Carl Brizzi, Tim Durham and his companies helped cover Brizzi's personal expenses.
MoreSuburban-hotel mayhem whipsaws entrepreneur
November 19, 2011
Greg AndrewsTwo of Sanjay Patel's hotels landed in bankruptcy in November. Four others filed for Chapter 11 protection last year.
MoreBankruptcies decline in Indiana, nation
November 11, 2011
Michael W. Hoskins, Scott OlsonIndiana saw fewer bankruptcies for the fiscal year ending Sept. 30 than it did the year before, with the state improving its
national ranking based on case filings.
MoreAnderson racino emerges from bankruptcy
October 4, 2011
Francesca JaroszThe parent company of Anderson racetrack and casino Hoosier Park has officially emerged from bankruptcy. The original shareholders
of Centaur Inc., about 80 individual Indiana investors, lost their entire investment in the company.
MoreJeweler plans massive sale in bid to escape bankruptcy
October 3, 2011
Scott OlsonHofmeister’s Personal Jewelers Inc., which sought Chapter 11 reorganization in April, is asking the court to let it
bring in a national consultant to oversee a huge sale that would begin next month and last until February.
MoreBroadband provider Omnicity files for bankruptcy
October 3, 2011
IBJ StaffThe company, which had big plans to snap up rural broadband systems through the Midwest, has been in a financial slide for
months.
MoreSuit says Irwin Union Bank execs missed snowballing risk
October 1, 2011
Greg AndrewsThe bankruptcy trustee's suit against the top three officers of the bank's parent seeks more than $500 million.
MorePage Development CFO files for personal bankruptcy
September 30, 2011
J.K. WallPaul M. Pittman, one of four principals in a troubled Indianapolis-based condo developer, filed personal bankruptcy this week.
MoreHomebuilder Estridge files for bankruptcy
September 29, 2011
Anthony SchoettlePaul Estridge Jr. owes a list of creditors including banks, suppliers and vendors more than $50 million, but has assets of
less than $5 million, he said.
MoreFormer partner of Moe & Johnny's owner alleges fraud
September 24, 2011
Greg AndrewsReal estate executive John Bales filed a lawsuit last month accusing Chuck Mack of “willfully and maliciously”
misappropriating $200,000 that belonged to him.
MoreJudge in Ponzi case deals blow to Hoosier developer
September 17, 2011
Greg AndrewsA federal bankruptcy judge in Florida has rejected a settlement that would have extricated former Indianapolis developer Sydney
“Jack” Williams from tens of millions of dollars in claims for a mere $334,000.
MoreNew financing may give battered dry cleaner fresh start
September 10, 2011
Greg AndrewsUS Dry Cleaning’s September 2008 purchase of Tuchman Cleaners was supposed to end years of financial strain for the
25-store Indianapolis chain, but it didn’t happen.
MorePrecedent joins ranks of battered developers
July 30, 2011
Cory SchoutenThe Precedent Cos.—the local developer of The Precedent Office Park, Mount Comfort Commercial Park and several upscale
residential communities in Hamilton and Johnson counties—is winding down operations in an out-of-court restructuring.
MoreProspects bright for Borders replacements
July 26, 2011
Cory SchoutenBrokers expect strong demand from other retailers, in part because the failed bookstore chain carefully chose its real estate,
opting for locations near concentrations of affluent and educated consumers.
MoreJillian’s set to vacate ground floor of downtown building
July 15, 2011
Scott OlsonAn unidentified restaurant and bar is set to sign a lease by Sept. 1 to assume the Meridian Street space Jillian's has agreed
to relinquish as part of a lease dispute with its landlord. The entertainment complex will continue to operate on the second
and third floors.
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Poor little LadyJ! Typical Democommie. In case it got past you, the dems have totally screwed this country in the past 3+ years. We have a democommie in the White House who apparently never read the Constitution, while claiming to be a constitutional scholar. We had a democommie-controlled Congress (opposite of PROGRESS?)passing bills that "we'll have to pass before we know what's in it". This impostor president has violated the U. S. Constitution too many times to count. The Attorney General is a race-baiting gunrunner that refuses to stop illegal immigration. And, the head of NASA, a once-proud agency that put several men on the moon, is now our liason to the murderous Muslims. Great job, democommies! Sometimes I wish they really would try to take our guns.
Pat Bauer try t do right about the state but the Republican leader and all of them did not think of us. Only the money they will get from their rich corporation. Of Course the Democrats had union, so I won't vote for Bosma or whatever his name is.
Well you are talking about Republican, did all of the Damage in this state. Sure the Democrats did some but most is the Republican. The Republican set us back not going forward. Hurry passed bills won't listen to any amendment our way only. The Republicans drew up these district so they could win again. Which is a crying shame. I will not vote for any Republican and I got the list who voted for the RTW Bill and who didn't. Tired of the Republicans
Actually, it was Greenspan who encouraged the elderly to refinance their homes, using their equity to boost the economy after 9/11. In addition, it was George Bush and Barney Frank who jointly suggested that everyone should hold a piece of the rock. It was the Bush Administration, namely Treasury Secretary Paulson who deregulated Wall Street and Lenders such as Countrywide, Washington Mutual, Wachovia, Bank of America, and Wells Fargo. When the TARP Bailout Proposal went to Capitol Hill in October 2008, Treasury Secretary Paulson asked for, and received, full immunity from future prosecution, dating back to his time as CEO of Goldman Sachs, the co-recipient of the initial $350 Billion Dollar Tarp Bailout Payment for Wall Street, back in October 2008. It was the US Treasury and the Federal Reserve, both controlled by the Bush Administration, that created sub-prime mortgages, starting in 2004. Many members of the House and Senate, on both sides of the aisle, benefited from home mortgage refinancing. Banks, appraisers, and realtors pushed people into home mortgages they had no business accepting, based on claims that the housing market would only get better. Average Americans did not create Credit Default Swaps, I think those creations happened on Wall Street. Spend some time at the library, you will be shocked by what your research brings forth.
They need to pay their fines and the judge blocking the fines needs to be investigated. I'm sick and tired of democrats and their spending. We went broke with every dem as gov. too. Pat Bauer needs to go!