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.

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