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Bankruptcy
High-flying Premier Properties crashes
December 29, 2008
Cory SchoutenThe founder of local real estate firm Premier Properties USA Inc. saw his company falter this year and faced three felony
charges in connection with its downfall.
MoreTwice-bankrupt ATA finally folds
December 29, 2008
Chris O'MalleyAny hopes that hometown airline ATA would make a comeback and eventually resume scheduled service from Indianapolis were dashed
April 2, when it filed for bankruptcy and ceased operations.
MoreIndiana bankruptcies soar
December 1, 2008
Peter SchnitzlerIndiana bankruptcies are rising toward levels not seen since Congress tightened filing rules three years ago, and experts
say stretched consumers and businesses probably won't reap benefits of an improved economy for at least a year.
MoreSouthwest swoops in to benefit from ATA Airlines' bankruptcy
December 1, 2008
Chris O'MalleySouthwest is striking a deal to acquire ATA's valuable landing slots at LaGuardia
and most of the dying airlines' remaining assets for $7.5 million.
MoreNFP of NOTE: Momentive Consumer Credit Counseling Services
December 1, 2008
Momentive Consumer Credit Counseling Services work to change lives by helping people gain financial stability.
MoreWinona lacks evidence to prove fraudulent money transfer
November 3, 2008
The trustee for Winona Memorial Hospital lost in court against the hospital's former owner earlier this month — but
not without
receiving a bit of vindication from the judge in the case.
MoreFiling in legal battle over telecom company hints at criminal probe of officers
September 29, 2008
Chris O\'malleyFormer insiders of One Call Communications appear to be targets of a Justice Department criminal inquiry, according to a filing by the defunct company's court-appointed receiver. Pittsburgh-based Meridian Group said it was served a subpoena Sept. 19 from the U.S. Attorney for the Western District of Pennsylvania to testify before a grand jury on Oct. 21 on matters involving One Call.
Recession squeezes local logistics industry
July 21, 2008
Peter SchnitzlerState economic development leaders remain bullish on Indiana's future as a logistics hub even as two local players have been
forced into bankruptcy and others struggle with high fuel prices.
MoreThree failed businesses sink former Carson foe Dickerson
June 16, 2008
Cory SchoutenFormer car dealer and congressional candidate Eric Dickerson has filed for personal bankruptcy after three failed businesses
left him saddled with more than $1 million in debt. Dickerson says he is virtually broke save for a $101,000 inheritance he
is set to receive from the estate of his late mother.
MoreBankrupt ATA may sue ex-partner FedEx
June 9, 2008
Greg AndrewsATA Airlines Inc. largely blames FedEx Corp. for knocking it out of business this spring. Now, the bankrupt airline is preparing
to fight back by suing the Memphis cargo giant, charging it wrongfully canceled a military-charter contract that generated
hundreds of millions of dollars in revenue for ATA.
MoreATA plan ticks off terminated pilots, attendants
April 14, 2008
Chris O'MalleyFormer ATA Airlines employees are trying to comb the wreckage of the bankrupt carrier, looking to grab their financial belongings
before managers and lenders cart off what little is left. Pilots and flight attendants are opposing retention bonuses for
managers who will spend the next several months turning out the lights of the 35-year-old carrier.
MorePremier Properties lays off workers as lawsuits, debt pile up
April 7, 2008
Cory SchoutenPremier Properties USA Inc. has eliminated about half its headquarters staff--more than 40 employees--as banks seize several
of its properties and CEO Christopher P. White faces a barrage of new lawsuits alleging unpaid bills, defaulted loans, illegally
redirected rent payments and check fraud.
MoreWinona trustee still fighting hospital creditors, ex-owner
February 11, 2008
J.K. WallPaul Gresk, the bankruptcy trustee overseeing the liquidation of Winona Memorial Hospital, is pushing for a showdown in court
to prove his claims that Winona's former owner, Leland Medical Centers Inc., illegally transferred more than $4 million out
of Winona.
MoreReal estate exec with lavish lifestyle accused of $160M fraud
January 14, 2008
Chris O'MalleyA high-flying Carmel businessman who moved his base of operations to Miami a couple of years ago is accused of burning through
$160 million of investors' money in the collapse of his real estate empire.
MoreSymons puts biz into Ch. 11, undercutting rival's court win
September 10, 2007
J.K. WallAlan G. Symons' company, Fast Tek Group LLC, lost a court fight with Fishers-based competitor Product Action International
LLC in February. So Symons pushed Fast Tek into Chapter 11 bankruptcy protection in June--a move that clears the way for a
suitor to buy the assets without being saddled with the liabilities.
MorePost-bankruptcy turnaround not taking off for ATA
September 10, 2007
Chris O'MalleyMore than 18 months after flying out of a bankruptcy reorganization that unloaded $1 billion of debt and costly aircraft leases,
the parent of ATA Airlines still finds landing a profit elusive. Indianapolis-based Global Aero Logistics posted a loss of
$46.1 million in the first half of 2007, according to documents it filed with the Securities and Exchange Commission.
MoreOnce-hot cooler company's new owners trying to rejuvenate business
March 26, 2007
Anthony SchoettleAfter almost 60 profitable years that saw Elliott-Williams Co. install walk-in refrigerators and freezers in almost every
Indiana school, hospital and hotel, the venerable firm was brought to its knees last year. But an unlikely savior, a new locally
based venture capital firm, bought EW out of bankruptcy for $507,000, about the cost of 10 EW walk-ins.
MoreWinona Hospital litigation fizzles
January 1, 2007
Tom MurphyA court-appointed trustee in charge of Winona Memorial Hospital's bankruptcy says he believes former owners fleeced it for
more than $4 million. But he has little to show from his two-year quest to recover money for creditors and now is winding
down the case.
More$1.7M invested in failed firm not authorized, sources say
September 25, 2006
Chris O'MalleyTrade groups that host the Indianapolis Auto Show and represent 600 car dealers in the Legislature stand to lose $1.7 million
they loaned to a local debt-collection agency--loans that sources said were made without the knowledge of the groups' boards
or membership.
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These higher rates Co. e about only because physicians are now hospital employees. otherwise physicians couldn't charge these rates and share the windfall with the hospital. Community/rural hospitals probably not buying physicians practices and thus weren't getting the windfall anyway.
The incentive for poor people to get themselves off public assistance and "no longer be poor" is even with help...they're STILL POOR! Being poor, even with some assistance, isn't all that pleasant. (I speak from experience) It's a stubborn myth that poor people, who are on public assistance, are sitting in the lap of luxury. You should try living on just those "freebies" that you mentioned and see how meager they actually are. By the way, I didn't mean you had to buy/own a puppy...just pet one. :)
As near as I can tell the minority has ZERO constitutional obligation to offer a quorum to the majority. A requirement for quorum was inserted into the constitution so that tyrannical majorities could not simply shove through odious and objectionable legislation (which is exactly what they did.) By allowing a tyrannical majority to charge fines against the minority for exercising their constitutional prerogative to deny quorum the court as made a mockery of constitutional governance in the state of Indiana.
The voters elected the Reps to make a vote not walk out on the vote. They had to the right to exercise their opinion and vote "no" to the bill. Let me ask you this if you walked out of your job for 5 straight weeks would you get paid? Would you even have a job to go back to? If any elected official walks out on the people they should be arrested for stealing tax dollars from the public. They were elected to do a job and not leave when the job gets stuff.
I have been to several of their locations in Pennsylvania and always go in for 1 item and leave with a basket full of things. I'm very happy they decided on Indiana, now if only they would put the other store in eastside.