If you thought the COVID-induced recession would cause a spike in bankruptcy filings, you’d be wrong. In fact, according to one Indianapolis practitioner, “bankruptcies are in the toilet.” But that doesn’t mean bankruptcy practitioners are sitting idle, as existing clients still need their service. More than that, a wave of new clients is likely coming.
Comments from the public are now being sought by the United States Courts on numerous appellate, bankruptcy, civil and criminal rules.
Weighed down by lawsuits and lax retail sales restrictions following the Sandy Hook school massacre, Remington Arms, the nation’s oldest gunmaker, is seeking bankruptcy protection for the second time in as many years.
The bankruptcy trustee seeking to recover millions of dollars for victims of Indianapolis businessman Tim Durham’s Ponzi scheme has come up empty in a nearly decade-long lawsuit against a deep-pocketed lender he alleged was culpable in the fraud.
The U.S. Bankruptcy Court for the Northern District of Indiana has announced updates will go into effect March 2 regarding the payment of filing fees for electronically filed cases.
Barraged by hundreds of sex-abuse lawsuits, the Boy Scouts of America filed for bankruptcy protection Tuesday in hopes of working out a potentially mammoth victim compensation plan that will allow the 110-year-old organization to carry on.
Indianapolis-based Celadon Group Inc., which is auctioning off its assets in bankruptcy, isn’t just shedding trucks and real estate — it’s also selling Andy Warhol artworks.
An Indianapolis-based trucking company with nearly 4,000 employees said Monday it filed for bankruptcy and will shut down all operations, just days after two former officials were charged in a fraud scheme.
Reversing a years-long trend of declining bankruptcy filings, new cases inched upward in the year ending Sept. 30, 2019, the federal judiciary reported. The rise in bankruptcy filings in Indiana outpaced the national increase, the report shows.
Scott Wise, the founder and former owner of the Scotty’s Brewhouse chain, has filed for personal bankruptcy — a situation he says was brought on by the failure of his former business.
The Indiana Court of Appeals reversed judgment awarded to a bank against a former homeowner who filed for bankruptcy, finding that because the man had been discharged of any liability on the mortgage, the judgment was in error.
The owner of the Southport location of Scotty’s Brewhouse, which closed abruptly in April, is facing a lawsuit over the closure.
A Carmel-based real estate company has filed a lawsuit against Krieg DeVault, alleging the Indianapolis-based law firm’s failure to file a property deed in 2003 in a transaction involving defunct retailer HHGregg could now cost the real estate company millions of dollars.
The owner of an Indianapolis towing company has been indicted for running what prosecutors describe as a “title-washing scheme,” in which he targeted financially distressed car owners, took possession of their vehicles, charged huge towing and storage fees and then resold them.
In a few short months, the U.S. Bankruptcy Court for the Northern District of Indiana will upgrade its current case management and electronic filing system to the next generation of CM/ECF.
A suspended Fort Wayne attorney will serve six months in jail and has been ordered to pay nearly $240,000 in restitution after he pleaded guilty to embezzlement and tax fraud charges stemming from personal and client bankruptcy proceedings.
Looking down at a page filled with words he couldn’t comprehend, Paul Mason was urged to sign on the dotted line. He had no idea he was signing away life as he knew it.
Immigration prosecutions increased 37 percent last year while overall filings in federal district courts rose 7 percent, according to the United States Courts’ 2018 Annual Report and Court Statistics. The report released Tuesday also found that filings in federal courts of appeal declined 2 percent in 2018.
A lawsuit quietly wending its way through a Marion County court zings former HHGregg CEO Bob Riesbeck and three other insiders of the failed chain, alleging they allowed it to continue accepting customers’ deposits on merchandise long after its tailspin cast doubt on whether it had the financial wherewithal or inventory to fulfill the orders.
A divided panel of the 7th Circuit Court of Appeals has allowed an Indiana business owner to seek to discharge back pay debt in bankruptcy proceedings, rejecting the National Labor Relations Board’s argument that the debt was not dischargeable because the employees to whom the back pay was owed were “maliciously” fired.