Efforts to unravel the financial mess facing Indianapolis …
Advertisement
Hansen & Horn files for Chapter 7 bankruptcy
Updated: Friday, 19 Mar 2010, 12:06 PM EDT
Published : Friday, 19 Mar 2010, 11:56 AM EDT
INDIANAPOLIS (WISH) - Indianapolis home builder Hansen & Horn has filed for Chapter 7 bankruptcy liquidation.
The latest step comes after a March 3 ruling by Marion Superior Court Judge Heather Welch ordering the liquidation of the company . Hansen & Horn has more than $14 million in debts, but only $7 million in assets.
Since November, 24-Hour News 8 has documented the dozens of complaints and lawsuits filed against Hansen & Horn.
The March 3 decision put an end to the company but it may not be a happy ending for those who are still owed thousands of dollars.
Those who are owed money have until April to file a claim with the court. But with so few assets compared to its liabilities, it's likely claimants will get pennies on the dollar, if anything at all.
One of those who lost hundreds of thousands of dollars said they are having their lawyers pursue potential criminal charges.
Comments
WISH-TV is migrating to a more stable commenting system called DISQUS. This system is used by CNN, TIME, FOX News, numerous blogging sites and has over 75 Million registrered users. Unfortunately we can't migrate our current user accounts to this new system.
To sign up for a DISQUS account, click the DISQUS button just below and to the right and then click Login.
DISQUS lets you login with several different options, including Facebook, Google, Twitter, Yahoo or OpenID. We expect it to allow more conversation and better moderation. If you have any questions, please feel free to comment below.
A northern Indiana juvenile detention center that's one of the state's four …
Email This
Print This
View Story on a Single PageAdvertisement
Advertisement