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Debt
CNO Financial to take $57M charge in first quarter
March 28, 2013
Associated PressThe Carmel-based insurance holding company says it expects to buy back more of its shares and take a special charge tied to
a recent tender offer.
MoreEx-gubernatorial candidates, biz leaders seek national debt fix
January 18, 2013
Associated PressA group of Indiana political and business leaders are joining a national effort to pressure Washington, D.C., politicians
to find a long-term debt fix.
MoreBattered Broadbent climbs back from brink
November 10, 2012
Cory SchoutenOne of the city’s best-known retail developers is alive and kicking again after a harrowing real estate downturn and
protracted legal battle with two lenders.
MoreWellpoint raises $1.35B in first convertible offering since '99
October 3, 2012
Indianapolis-based WellPoint Inc. sold its first convertible securities in more than 13 years with a $1.35 billion offering
of 30-year bonds.
MoreCarmel looks at $195 million refinancing package
August 3, 2012
Kathleen McLaughlinThe Carmel City Council will consider backing a $195 million debt re-issue, which would free up millions of dollars for further
development of the massive City Center project.
MoreCarmel councilors want final say on city's debt
March 15, 2012
Kathleen McLaughlinCarmel City Councilor Eric Seidensticker on Thursday morning proposed an ordinance that would require the council to sign
off on any additional debt. The ordinance is backed by at least five of the seven councilors.
MoreArcadia: Don't buy our stock
March 5, 2012
J.K. WallArcadia Resources Inc. is telling shareholders not to buy its stock because it is out of cash and faces a $40 million pile
of debt that comes due on April 1.
MoreFirms put off paying, despite easing financial pressure
January 29, 2011
Norm HeikensThe 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.
MoreRefinancing boosts Bioanalytical Systems
December 8, 2010
J.K. WallShares 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.
MoreIndiana Live owners miss interest payment
November 4, 2010
IBJ Staff and Bloomberg NewsThe 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.
MoreIndiana Live swamped by debt, faces potential default
October 16, 2010
Francesca JaroszOwners 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.
MoreDeveloper facing legal action everywhere it has built condos
June 12, 2010
Cory SchoutenThree 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.
MoreVogue owner's bankruptcy may force sale of venue
March 27, 2010
Peter SchnitzlerA 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.
MoreRelated-party loans pile up at Durham-owned finance firm
October 24, 2009
Greg AndrewsIndianapolis 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.
MoreDebt collectors try soft approach
October 24, 2009
Peter SchnitzlerRecession forces entrepreneurs to rework bills. Cracking down on small businesses doesn't help bills get paid faster.
MoreAccuride warns of bankruptcy, reports loss
August 6, 2009
Scott OlsonEvansville-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.
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.
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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The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.
I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!
Coming from her background,she should be used to those kinds of advances! Menard probably figured it was ok to tuck a buck!
I'm still waiting for the list of available, high quality apartments in the Village.
This criminal masquerading as a lawyer obviously has serious issues. He’s been proven by his own testimony to be a pathological liar and probably has a personality disorder as he seems to be constructing a reality around himself. He places no value on truth, honesty or loyalty as evidenced by what he has done to his clients and his own family. And by the demands and lies he has made in court, it is evident he feels entitled to do and say whatever suits his purpose and everyone else is expected to nod obediently and believe him because he is, after all, Bill Super Lawyer; or BS lawyer for short. This millionaire wanna-be no longer owns anything of value; he squandered it and put everything he had into foreclosure. He has no money, house, car, boat or vacation home left to show for what he earned or what he stole. He’s just another loser without morals who will be doing time. I’m certain all of his courtroom shenanigans are antagonizing his poor victims. As Lamar said, his behavior and claims in court have been outrageous. The judge needs to be more than concerned; he needs to be judicial and end this nonsense.