Bill-collection firm Deca Financial Services LLC missed a March 17 deadline to come up with more than $11 million to avoid involuntary chapter 11 reorganization sought by its creditors, the Indianapolis Business Journal reported yesterday. That means trustee Ellen Fujawa will take control of the firm, which in 2012 was named one of the fastest growing Indiana companies and offered $2.5 million in conditional tax credits from the Indiana Economic Development Corp. for its job-creation plans. Deca, founded in 2010, told the bankruptcy court earlier this month that it had lined up financing to pay creditors to avoid being forced into chapter 11. But David J. Tipton, an attorney for the company, said that the plan hit a snag when a potential purchaser of company land pulled out at the last minute. Earlier this month, Bankruptcy Judge Robyn Moberly told Deca if it failed to make the deadline the trustee would immediately assume control of the company.
