Bankruptcy Indiana

The times they are a’changin’, mostly for the better.  At least that’s how it appears from my vantage point as an Indianapolis bankruptcy attorney and debt consolidation lawyer. What I mean is that job opportunities in Indiana seem to be staging a comeback.  True, a good number of the jobs I read about are not available immediately. 

My Indiana bankruptcy clients who need to show income in order to qualify for a Chapter 13 bankruptcy debt repayment plan may not be helped by jobs coming later this year or into the next calendar year. Still, as I continue to provide bankruptcy information in Indiana, it’s important for me to keep my blog readers and clients up to date on the job markets in our state.

One positive development scheduled for Indianapolis (where the main bankruptcy law office of Mark Zuckerberg is located) in 2010 involves Ohio-based homebuilding Fischer Group.  Fischer expects to be offering 150 or so jobs here as it expands in the Indianapolis housing market.

Longer range positive news for Indianapolis comes from Stericycle, a medical waste disposal company planning to expand its operation by moving some of its other branches from other states into its facility near the Indianapolis airport.  Stericycle expects to create more than 100 additional jobs by 2011. Another company expanding in Indianapolis is insulin manufacturer Elona Biotechnologies.  The company expects to add 70 jobs in Greenwood.

With Indianapolis being home to so many different colleges and community colleges, one issue that often arises is that clients need student loan debt help.  Since student loan debt is almost never discharged in bankruptcy, it’s crucial that debtors have regular income coming in from employment to keep up with the student loan debt repayments.

The Columbus bankruptcy lawyers who work in my office there were happy to learn that Dorel Juvenile Group is expanding in Columbus and expects to create 100 jobs there by 2013.

Shorter-term, in Terre Haute, the good news is that Best Buy Co. is opening a new store, creating 80 new jobs. Again, because of the colleges and universities in western Indiana, these new jobs should be of advantage to people in need of help paying student loans.
But, speaking of Indiana State U., the university itself announced it will need to cut up to 100 jobs. Another piece of not-so-favorable news comes out of Plainfield, west of Indianapolis, where Duke Energy announced it will be trimming an unknown number of jobs.

Cities and towns north of Indianapolis are serviced by the bankruptcy law offices of Mark Zuckerberg in Anderson.  Some long-term good news is that B&J Specialty, Inc., a supplier of automotive molds and dies, plans to add 21 workers by 2012.

In a way, the most hopeful piece of hopeful news for employment is the furthest away from actually happening. A proposed ethanol pipeline reaching from South Dakota to New Jersey would create more than 7,000 jobs in Indiana, pending a loan guarantee from the U.S. Department of Energy.

Long-range or short-range, as an Indiana consumer bankruptcy specialist, I know jobs are a good thing, helping Indiana bankrutpcy clients emerge from bankruptcy and have a chance at a fresh financial start.