Bankruptcy Indiana

In my Bankruptcy in Indiana articles, the "ripple effect" is a term I've often used to explain how, in our economy, everything is inter-related.  When a large company closes its doors or lays off workers, the effect "ripples" out to suppliers and to small stores and service businesses all over the state.

That's why, as a debt consolidation lawyer who offers bankruptcy services in Indiana's southern district, I am still always alert for news from the northern part of our state.  I was happy to learn two pieces of news:

• Biomet, the orthopedics manufacturer in Warsaw, plans to add 278 jobs over the next two years.
   
• U.S. Steel is moving forward with a $220 million project in Gary which will create approximately 500 temporary construction jobs. 

With Zuckerberg bankruptcy law offices in 38 counties, tracking Indiana employment statistics has become a mission for me and my colleagues the Anderson, Bloomington, Indianapolis, and Columbus bankruptcy lawyers.  All of us closely follow unemployment insurance claim statistics as well, and help our Indiana bankruptcy clients use the resources provided by the Indiana Department of Workforce Development.

Unemployment in Indiana has continued to hover around 10%, with job loss continuing to be one of the three leading causes of bankruptcy in Indiana along with divorce and uninsured medical costs.

In providing bankruptcy information in Indiana, I always emphasize the fact that our state pays unemployment benefits for a maximum 26 weeks.  With federal extensions (part of the administration's overall stimulus plan), Hoosiers can receive benefits for a total of almost two years.

That's not as simple as it sounds, though, because, as a worker reaches the end of one extension, he or she can't move to another until Congress has approved the next extension.

Related to all this, I fnd, is the fact that many more people need my help stopping foreclosure on their homes in addition to bankruptcy services in Indiana.  Bottom line - it's still all about jobs!