Bankruptcy Indiana

For the past three years, I've been reporting all the news I can find about Indiana job markets.  My colleagues the Columbus bankruptcy lawyers are on the alert for job news.  In fact, all of the good bankruptcy attorneys who work in the four Zuckerberg bankruptcy law offices around the state are used to collecting news about jobs for me to share with clients and readers of Bankruptcy in Indiana.

The truth is, people can file bankruptcy in Indiana, but they simply cannot successfully emerge from bankruptcy without job opportunities.  That's because, even given the opportunity for a fresh financial start by having some of their debts discharged, Chapter 7 bankruptcy clients cannot get their finances under control, keeping the bills paid and putting aside some money for emergencies.  Those who've filed under Chapter 13 bankruptcy law in Indiana have no hope of keeping up with their 3-5 year debt repayment plans without having regular income from jobs.  That's just how it is.

There is good news to report this week from several sources:

• Allison Transmission just dedicated a new hybrid bus manufacturing plan in Indianapolis.  By next year, Allison to expects to fill 100 high-paying manufacturing positions.
• BCForward, the computer consulting firm, hopes to create 200 new highly paid jobs, also in Indianapolis, within the next two years.
• In Scottsburg in the southern part of the state, (the Bloomington and Columbus bankruptcy lawyers in the Zuckerberg bankruptcy law offices serve southern Indiana), American Plastic Molding Corporation is expanding and expects to create up to 50 new jobs in the next couple of years.                                

You know how there are two sides to every story? As a debt consolidation lawyer offering bankruptcy services in Indiana, I read a lot from many different sources.  I read one story by Bob Segall of 13 Investigates  that put a little bit of a different spin on all the job creation news I'd been reporting.

As one example, Segall points out that the Vera Bradley Company's announcements that it had hired 490 new workers neglected to add that three other companies in Ft. Wayne were either laying off employers or shutting down entirely because of Vera Bradley's moving its sewing operation in-house. According to 13 Investigates, at the same time as Vera Bradley was announcing all the new jobs, the same number of jobs was being lost at other companies.  Similarly, when Global Tool in Ft. Wayne was bought by X-Y Tool & Die, workers were laid off, and despite job expansion promises by X-Y, were never rehired by the new company.

As you might imagine, knowing how vital it is for my clients who've filed individual bankruptcy in Indiana to have income from jobs, this new insight didn't make me very happy!