Bankruptcy In Indiana: Where The Jobs Aren't

Wednesday, March 3, 2010 by Mark Zuckerberg

As part of providing bankruptcy services in Indiana, I can never forget one thing.  Whether a bankruptcy is a Chapter 7, or whether we're talking about  Chapter 13 bankruptcy law in Indiana, a job is going to be part of the script.  Without well-paid jobs, debtors emerging from bankruptcy can't rebuild their finances or keep current on their debt repayment plans.

Just yesterday I shared news about three Indiana companies that are expanding their work force.  Today I have more pieces of good news about where the jobs are:
 

  • RV LLC is locating a new manufacturing center in Marion, which will bring up to 300 jobs into the area.
  • Caterpillar is recalling 100 workers that had been laid off in Lafayette.
  • Centennial Graphics Group (a book publishing and binding company) is creating 48 new jobs in New Albany. (I'm especially glad about this, because the New Albany area is served by the Zuckerberg bankruptcy law offices in Bloomington, and by the Columbus bankruptcy lawyers who work in the Mark Zuckerberg law offices there.)                               

 Unfortunately, Indiana is not only where the jobs are, it's also where they aren't.
  • The Whirlpool ice making plant in Evansville is being moved to Iowa, and the majority of Whirlpool jobs in Evansville are being shipped to Mexico.
  • Meanwhile, there's some bad news about another corporation, one I've mentioned in earlier blog posts.  Accuride, also in Evansville entered Chapter 11 bankruptcy five months ago, and now they are emerging because the court approved their reorganization plan.  The bad news for Indiana, though, is that the Guinite subsidiary of Accuride in Elkhart, is closing, meaning 225 jobs will be lost.

Mind you, these are more than mere statistics to me.  As a debt consolidation lawyer and long-time bankruptcy attorney in Indiana, I'm "boots on the ground" helping those who've lost jobs get help.  Sometimes it's payday loan debt help or student loan debt help.  Sometimes my colleagues and I help stop foreclosure,  It all comes down to what I send yesterday: The times aren't going to be better until the job markets are!


 

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