Bankruptcy Indiana

Without well-paid work, it’s difficult to keep debt collectors at bay.  That’s why, as part of offering Indiana bankruptcy information, and maintaining four bankruptcy law offices around the state, it’s important for me to keep my bankruptcy blog readers and Indiana bankruptcy clients updated on employment in our state.

While it’s true that filing bankruptcy brings an immediate halt to all legal action and debt collector harassment (through the automatic stay), and even after I've provided payday loan debt help and sometimes student loan debt help, the object is for debtors to emerge from bankruptcy.  Chapter 7 bankruptcy clients need to get back to managing their finances and keeping the bills paid; Chapter 13 bankruptcy clients need to keep up with their court-supervised repayment plans. None of this can happen without steady income coming into the household.

The Department of Workforce Development announced that federal legislation has provided up to 20 weeks of additional unemployment benefits.  Eligible Hoosiers, whose benefits have been exhausted, can apply for that extension starting today, according to Inside Indiana Business. The newest rules require that anyone collecting unemployment insurance benefits must apply for one job and look for work at at least two additional locations each week they collect benefits.

Some good news came from Beckman Coulter, the California-based biomedical test equipment company, which is expanding for the second time in Indianapolis. The company plans to add up to 100 jobs in our state.

Unfortunately, I learned, Caterpillar plans to lay off at least that number of workers from its plant in Lafayette.

USA Counties IN Profile, which provides current federal statistics on demographics and economic factors, shows that Indiana ranks #16 in population among states, with 6.3 million people.  Of these, 2.8 million are workers.

For the past close to twenty five years, I’ve been working to help people in Indiana navigate the bankruptcy court system.  But, in order for the bankruptcy system to succeed as a safety net, though, it’s plain - We need to put more workers back to work!