Debt

Firms put off paying, despite easing financial pressure

January 29, 2011
Norm Heikens
The trend toward small businesses' delaying payments appears to have leveled off, but it's still unclear how soon—or even whether—receivables will return to the 30 days that was standard for most businesses before the recession began in December 2007.
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Refinancing boosts Bioanalytical Systems

December 8, 2010
J.K. Wall
Shares of the West Lafayette-based pharmaceutical-services firm soared after it wriggled out from under a $1.3 million loan that was due in February.
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Indiana Live owners miss interest payment

November 4, 2010
 IBJ Staff and Bloomberg News
The owners of Indiana Live racetrack and casino failed to make an interest payment due Nov. 1 on $375 million in debt, providing additional fodder for credit analysts already worried about its financial condition.
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Indiana Live swamped by debt, faces potential default

October 16, 2010
Francesca Jarosz
Owners of the Indiana Live racetrack and casino face an interest payment on the lion’s share of their $544 million in debt next month, as credit analysts continue fretting about the company’s ability to pay its bills.
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Developer facing legal action everywhere it has built condos

June 12, 2010
Cory Schouten
Three of the four principals in Page Development were in court June 8 to sift through the fallout from a $1.35 million judgment against them. It's only the tip of Page Development's financial straits.
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Vogue owner's bankruptcy may force sale of venueRestricted Content

March 27, 2010
Peter Schnitzler
A mix of business and personal woes have pushed Steven Carter Ross, the longtime owner and manager of the Vogue nightclub, into personal bankruptcy. Now a judge must decide whether Ross can keep the popular Broad Ripple music venue, or if he must sell it to satisfy his creditors and his estranged wife.
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Related-party loans pile up at Durham-owned finance firm

October 24, 2009
Greg Andrews
Indianapolis businessman Tim Durham has treated Ohio-based Fair Finance Co. almost like a personal bank since buying it seven years ago, and now he, his partners and related firms owe it more than $168 million, records show.
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Debt collectors try soft approach

October 24, 2009
Peter Schnitzler
Recession forces entrepreneurs to rework bills. Cracking down on small businesses doesn't help bills get paid faster.
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Accuride warns of bankruptcy, reports loss

August 6, 2009
Scott Olson
Evansville-based truck parts maker Accuride Corp., one of the state's largest companies, warned today in its quarterly financial report that the company might seek bankruptcy protection if lenders refuse to restructure its debt.
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Real estate exec with lavish lifestyle accused of $160M fraudRestricted Content

January 14, 2008
Chris O'Malley
A 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.
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$1.7M invested in failed firm not authorized, sources sayRestricted Content

September 25, 2006
Chris O'Malley
Trade 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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  1. Mike, I am confused by your message, what is it besides hiding behind a flag, a song, and a symbol. I am surpised you can find Indiana, you and your phony "Washington" outsider mentality. You are a legend in your own mind, come and see what it is like to work and live in this state. You are a lifelong politician, admit it and carry on.

  2. Why not exclude all places that cater to the rich. Private clubs should not have rules: rules are for the serfs only. In fact, we should subsudize the private clubs, they should not pay property or sales taxes. You go rich and powerful, rules are not for you.

  3. 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.

  4. 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.

  5. 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

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