Bankruptcy Indiana

President Obama's promise was that 2010 will be about jobs.  I guess, in my work as a debt consolidation lawyer and bankruptcy attorney in Indiana, it always has been about jobs.  A very important part of my providing bankruptcy information in Indiana has to do with reporting about where the jobs are and where they aren't. 

Until they have a source of adequate income, under Chapter 13 bankruptcy law in Indiana, my clients can't keep up with a debt repayment plan.  And, until there's a source of adequate income, clients do not have the means to rebuild their financial lives after emerging from Chapter 7 bankruptcy in Indiana.  That explains why, every week of two, in my Indiana bankruptcy blog, I offer employment news from around our state, information I've culled from sources such as Inside Indiana Business.

Back in November 2009, when Indiana University economists were presenting their annual forecast, the consensus was "Things will be getting better, but they still won't be really good." (Gee, thanks, guys!)  Then, just last week, local economist Morton Marcus wrote in the Indianapolis Business Journal  that "the recovery has taken root", noting that "Bloomington, Columbus, Indianapolis, and Lafayette were the only metro areas with more jobs in 2009 than they had ten years earlier." (No doubt the Bloomington, Indianapolis, and Columbus bankruptcy lawyers who work in the Zuckerberg bankruptcy law offices in those places are rejoicing at this news along with me!)

This week, from my Indiana lawyer for bankruptcy perspective, there were two "biggie" news items about employment in our state. The BIg Bad news for this week comes out of Columbus (despite Morton Marcus' positive comment about that city), with the announcement by Cummins Engine that it's laying off 200 workers. The contrasting Big Good news comes from Dow Agrosciences.  Dow plans to add 550 new jobs over the next five years.  

Other positive employment news comes from:

• Monogram Comfort Foods is expanding in Muncie and plans to quadruple its workforce.
• Rexam, a packaging manufacturer in Franklin, will be creating 46 new jobs by the end of the year.
• Sony is moving its DVD production to Terre Haute from New Jersey

Got a specific employment question?  Give us a call. We love being able to provide positive news items about expansion and revival, exactly the sort of rebuilding and hope the Indiana bankruptcy services I and my colleagues mean to provide!