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Indiana Toll Road operators are considering filing for Chapter 11 bankruptcy to get out of their $6 million debt, nwitimes.com reported. The Indiana Toll Road operators would also sell their rights to operate the road, requiring the 157-mile road come under new management.
In the midst of the Recession, nearly two-thirds of the 50 states were teetering on the edge of bankruptcy. In Indiana, Gov. Archives Articles By Location Articles By Topic California Connecticut Featured Post Florida Indiana Nevada North Dakota Online Features Quality Of Life The Editor''s Blog U.S. - Far West U.S. Plains U.S.
Yes, we know that Detroit became the largest city in history to file for bankruptcy protection, a process the city is expected to emerge from this year. Cerberus, an equity player who had acquired a majority stake in Chrysler from German auto giant Daimler-Benz in 2007, went into bankruptcy in 2009.
Fidelity had issued a payment bond, but Fidelity refused to pay after the owner declared bankruptcy, and BMD sued Fidelity. The question became whether the general or the subcontractor would bear the risk of loss. The issue for the court was whether the contract contained a "pay-if-paid" or a "pay-when-paid" clause.
CORPORATE TAX RATE: Indiana’s corporate tax rate was reduced from 8.5 The legislature reduced this tax in order to improve upon Indiana’s existing business climate and bring it more in line with rates in other states. This change provides greater opportunities for young companies to attract capital and grow in Indiana.
CORPORATE TAX RATE: Indiana’s corporate tax rate was reduced from 8.5 The legislature reduced this tax in order to improve upon Indiana’s existing business climate and bring it more in line with rates in other states. This change provides greater opportunities for young companies to attract capital and grow in Indiana.
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