Indiana Live receives offer from Hoosier Park owner
Indiana Live is receiving overtures from potential buyers, including the owner of local competitor Hoosier Park & Casino, its parent company said in a recent bankruptcy court filing.
Bankruptcy
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Wiretaps suggest Durham tried to sugarcoat Fair’s woes
Transcripts of phone conversations capture Fair Finance CEO Tim Durham discussing ways to recast company financials to mitigate Ohio securities regulators’ concerns about massive insider loans.
More Fair suits target Durham family members
Those named in the latest lawsuits include Tim Durham’s ex-wife, Joan SerVaas; B.J. Durham, SerVaas’ biological son who was adopted by Durham; and the financier’s sister, Courtney Durham.
Trustee seeks $1B from Fair Finance’s lenders
Fair Finance Co.’s bankruptcy trustee finally has found some deep pockets to go after in his quest to recover money for the small-time Ohio investors who lost more than $200 million when the Tim Durham-led company failed two years ago.
Latest Fair suits target Kato Kaelin, playmate, many others
A former Playboy playmate, a well-known rapper and local businessmen are among the defendants in a barrage of lawsuits filed by a bankruptcy trustee trying to collect funds for investors of Fair Finance Co., the defunct Ohio firm led by Tim Durham.
Big-promising donor to area charities coming up empty
A Johnson County man whose home is listed for sheriff’s sale and who has filed for bankruptcy protection twice and been convicted of check fraud managed to convince several Indianapolis cultural institutions that he was good for multimillion-dollar gifts.
Mini Thin maker agrees to $1M bankruptcy settlement
Carmel resident Richard Deer, who built a business around Mini Thin dietary supplements, has agreed to pay $1 million in his company’s bankruptcy case.
Governor’s Fair Finance settlement yields just $3,000
Court papers show the Mitch for Governor Campaign Committee isn't paying more in a settlement with Fair Finance Co.’s bankruptcy trustee because it has just $3,500 left.
Fair trustee sues Durham’s mother for $831,000
The lawsuit alleges Mitza Durham of Seymour received 58 checks or wire transfers from the indicted financier from February 2006 through November 2009.
Home-foreclosure hiatus drives down bankruptcies
There were 22,754 cases filed in Southern District of Indiana in 2011, compared with 27,394 the prior year.
Latest Fair Finance suits target Durham associates
Defendants include companies affiliated with Indianapolis restaurateur Henri Najem, the rapper Ludracis and former Indianapolis Colts quarterback Blair Kiel.
East-side apartment complex target of $9M foreclosure
A Marion Superior Court judge has approved the appointment of a receiver to manage Lexington Park near North Post Road and East 38th Street.
Failed dental chain lists no assets, $3.6 million debt
A New York dental chain that closed offices in 13 states, including eight in Indiana, without warning late last year lists no assets and liabilities of $3.6 million in a bankruptcy filing.
Brizzi agrees to pay Fair Finance nearly $200K
The Fair Finance trustee alleged that, in addition to being huge campaign contributors to former Marion County Prosecutor Carl Brizzi, Tim Durham and his companies helped cover Brizzi’s personal expenses.
Suburban-hotel mayhem whipsaws entrepreneur
Two of Sanjay Patel’s hotels landed in bankruptcy in November. Four others filed for Chapter 11 protection last year.
Bankruptcies decline in Indiana, nation
Indiana saw fewer bankruptcies for the fiscal year ending Sept. 30 than it did the year before, with the state improving its national ranking based on case filings.
Anderson racino emerges from bankruptcy
The parent company of Anderson racetrack and casino Hoosier Park has officially emerged from bankruptcy. The original shareholders of Centaur Inc., about 80 individual Indiana investors, lost their entire investment in the company.
Jeweler plans massive sale in bid to escape bankruptcy
Hofmeister Personal Jewelers Inc., which sought Chapter 11 reorganization in April, is asking the court to let it bring in a national consultant to oversee a huge sale that would begin next month and last until February.
Broadband provider Omnicity files for bankruptcy
The company, which had big plans to snap up rural broadband systems through the Midwest, has been in a financial slide for months.
Page Development CFO files for personal bankruptcy
Paul M. Pittman, one of four principals in a troubled Indianapolis-based condo developer, filed personal bankruptcy this week.