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Indiana Toll Road Operators Consider Bankruptcy

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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.

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California is Rolling in Dough

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In the midst of the Recession, nearly two-thirds of the 50 states were teetering on the edge of bankruptcy. In Indiana, Gov. We tend to come down on the rainy-day side of these discussions, since many of the states who suddenly find their pockets bulging still have large debt obligations, including massive pension payments.

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State by State Incentives Guide

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million loan participation program fostering business expansion and job creation in Arizona by providing debt financing for small businesses (in collaboration with private finance partners). Additionally, the company must demonstrate that it can service the debt. CORPORATE TAX RATE: Indiana’s corporate tax rate was reduced from 8.5

Income 108
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STATE INCENTIVES GUIDE

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Loan proceeds are to be used for working capital, inventory, equipment purchase, and real property improvements but cannot be used for refinancing of existing debt or outstanding debt payments. Funds cannot be used for debt refinancing or contingency funding. CORPORATE TAX RATE: Indiana’s corporate tax rate was reduced from 8.5

Income 75