Home builder officially declares bankruptcy

Indianapolis home builder Hansen & Horn Group Inc. has formally filed for Chapter 7 bankruptcy protection after owners agreed to liquidate the company earlier this month.

Marion Superior Court Judge Heather A. Welch approved the liquidation March 3, after court-appointed receiver Richard Lux recommended the financially troubled company’s assets be sold in an attempt to repay creditors.

Hansen & Horn made the filing in U.S. Bankruptcy Court in Indianapolis.

Please enable JavaScript to view this content.

Editor's note: IBJ is now using a new comment system. Your Disqus account will no longer work on the IBJ site. Instead, you can leave a comment on stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Past comments are not currently showing up on stories, but they will be added in the coming weeks. Please note our updated comment policy that will govern how comments are moderated.