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.

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.

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.

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.

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.

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.

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.

Recession forces entrepreneurs to rework bills. Cracking down on small businesses doesn't help bills get paid faster.

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.

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.

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.