Radio giant iHeartMedia files for bankruptcy

The San Antonio-based company is the second major radio player in the Indianapolis market to seek bankruptcy protection in recent months. In November, Atlanta-based Cumulus Media filed for Chapter 11.

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iHeart Media on verge of filing bankruptcy

The San Antonio-based company would be the second major radio station owner in the Indianapolis market to file for Chapter 11 in recent months. Atlanta-based Cumulus Media filed in November.

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Andretti Autosport sued over sponsorship money from HHGregg

A group representing the unsecured creditors of HHGregg has filed suit against Andretti Autosport in an attempt to claw back nearly $1.5 million in sponsorship money the now-defunct retailer paid the racing team in the months leading up to its bankruptcy.

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Toys ‘R’ Us files for Chapter 11 bankruptcy

The company filed Chapter 11 documents late Monday in U.S. Bankruptcy Court in Richmond, Virginia. The chain secured $3 billion in debtor-in-possession financing to stay open while it restructures, according to a company statement.

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Bus consultant leads school districts into ditch

At least three Indiana school districts that hired the startup firm True Consultant Service LLC to revamp bus routes ran into major problems when school began this summer, forcing administrators to apologize to parents and reverse course.

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