US Courts seeking public comment on proposed rule changes
Comments from the public are now being sought by the United States Courts on numerous appellate, bankruptcy, civil and criminal rules.
Bankruptcy
Articles
Federal judge rejects indicted ex-Celadon exec’s vacation plans
A federal judge has denied a request by a former executive of now-defunct Celadon Group Inc. to travel to a Mexican resort for a birthday celebration while he is awaiting trial on multiple fraud charges.
National bankruptcy filings fall despite COVID-19 impact
Personal and business bankruptcy filings posted a decline in the year ending June 30, despite a sharp rise in national unemployment stemming from the impact of the novel coronavirus pandemic.
Remington seeks bankruptcy for second time in as many years
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.
US Courts report drop in appellate filings, increase in immigration defendants
Prosecutions against immigrant defendants and cases involving diversity of citizenship saw higher numbers last year, according to the United States Courts’ Annual Report and Court Statistics for 2019. Meanwhile, appellate filings dropped nationwide.
Fair Finance bankruptcy trustee loses high-stakes jury trial against deep-pocketed lender
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.
Judgment affirmed for bank in mortgage foreclosure
The Indiana Court of Appeals has affirmed an award of summary judgment for a bank and trust company in a mortgage foreclosure case brought by a Noblesville couple, rejecting the couple’s evidentiary challenges.
Northern District: Bankruptcy fees must be paid as cases are e-filed
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.
Recovery for Durham fraud victims hinges on high-stakes trial
A high-stakes lawsuit goes to trial Monday that could represent the last, best hope for victims of Indianapolis businessman Tim Durham’s Ponzi scheme to recoup a sizable recovery on their more than $200 million in losses.
Boy Scouts file for bankruptcy due to sex-abuse lawsuits
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.
7th Circuit upholds judgment for bank in HHGregg bankruptcy dispute
A major home appliance company could not convince the 7th Circuit Court of Appeals to rule in its favor in a Chapter 11 appeal as it sought to reclaim goods sold to now-defunct Indianapolis-based retailer HHGregg on the eve of its bankruptcy.
Bankruptcy filings increase nationally, locally
Bankruptcies filings increased slightly in the year ending Dec. 31, 2019, continuing an uphill trend of such filings after nearly a decade of annual decline, the federal courts reported.
Celadon selling Andy Warhol prints as part of bankruptcy
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.
SCOTUS, district courts see increased filings in last year
The number of cases filed in the United States Supreme Court and federal district courts increased in the last year, while the regional courts of appeal saw a slight filing decrease, according to Chief Justice John G. Roberts Jr.’s 2019 Year-End Report on the Federal Judiciary.
Suspended Fort Wayne bankruptcy lawyer who served theft sentence resigns
A former Fort Wayne bankruptcy lawyer who served a completed a federal prison sentence for embezzling from a client has resigned from the Indiana bar. Randall Stiles, 46, was released from the federal penitentiary in Terre Haute on Oct. 31 after serving a six-month sentence imposed in March for his guilty plea to two counts of bankruptcy fraud and a misdemeanor tax charge.
Celadon files for bankruptcy, plans to shut down
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.
National, Indiana bankruptcy filings tick up, reversing trend
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.
Divided COA tosses suit against lawyers over tax sale proceeds as untimely
A divided panel of the Indiana Court of Appeals on Thursday threw out a lawsuit against two lawyers filed by their opposing party in long-running litigation, the current case over proceeds from a tax sale that the lawyers distributed to their clients. The majority ruled that the lawsuit — filed one day outside the two-year statute of limitations — should be dismissed.
Founder of Scotty’s restaurants says chain’s failure led to personal bankruptcy
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.
Reversal: Bank loses in lengthy foreclosure battle
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.