The company that set out to revive the fortunes of RadioShack, the venerable consumer-electronics chain, filed for bankruptcy Wednesday after failing to keep up with changing consumer habits. The filing could mean the end for eight remaining area stores.
The news comes one day after the Indianapolis-based retailer announced that it was closing 88 stores and three distribution centers
The 61-year-old retailer of appliances and electronics is preparing to file for bankruptcy as it grapples with an ongoing slump in sales, according to people familiar with the matter.
Todd Wolfe’s Deca Financial Services LLC was forced into bankruptcy in 2014, and he was indicted on federal fraud charges the following year.
Deborah Caruso has launched a no-holds-barred inquiry into the defunct company's business practices and is seeking documents and depositions from the accounting firms that audited its books.
A longtime provider in the for-profit college education world shuttered this fall after years of pressure from federal regulators over its recruiting methods and students’ educational performance.
Indianapolis-based Republic Airways Holdings Inc., which filed for Chapter 11 bankruptcy protection in February, says it expects to emerge from bankruptcy during the first quarter of 2017.
Hundreds of boxes of potentially important records are being stored as part of the ITT Educational Services bankruptcy. Among them are legal documents, loan information, Social Security numbers and other personal data.
The Indianapolis-based airline company, which filed for Chapter 11 bankruptcy protection in February, filed its plan of reorganization this week.
Two hedge funds that own a quarter of the stock argue the Indianapolis-based carrier, which flies commuter routes on contract for the nation’s biggest airlines, really wasn’t insolvent when the company filed for bankruptcy—a move that gave it the leverage to negotiate much more favorable pacts with Delta, United and American. And with those deals now sealed, the outlook is even brighter.
A federal agency has stepped in to pay almost all of a $36 million shortfall in pension benefits for current and future retirees of Vertellus Specialties Inc., an Indianapolis-based manufacturer that is working its way through a Chapter 11 bankruptcy.
The Carmel-based, for-profit educator began liquidation proceedings Friday after closing 136 technical schools, leaving over 35,000 students stranded in one of the largest college shutdowns in U.S. history.
An appeals court ruling has cleared the way for Fair Finance Co.'s bankruptcy trustee to revive a lawsuit against one of the company's lenders,a Fortune 500 company with extensive resources. The trustee was able to extract a $35 million settlement from another one of the company's lenders.
Golfsmith, which has 109 stores in the U.S. and 55 in Canada, filed for Chapter 11 bankruptcy on Wednesday. The retailer has one store in Indianapolis.
Indianapolis-based Republic Airways Holdings Inc. has reached an agreement to continue providing regional flights for American Airlines—a step Republic says “clears the pathway for a successful emergence” from its Chapter 11 bankruptcy case.
Chemical company Vertellus Specialties Inc. says the $454 million deal arranged in bankruptcy proceedings will allow it to continue operations with its current leaders.
The operator and franchiser of more than 250 roadhouse-themed restaurants, including four in the Indianapolis area, said it plans to close 18 under-performing restaurants as part of the reorganization plan.