No question about it - Indiana bankruptcy statistics (both the number of filers and the number successfully emerging from Chapter 13 bankruptcy debt repayment plans) are tied to local employment statistics. That's why I see offering business and job updates in my Indiana bankruptcy blog as an important part of my work. I want to make sure my blog readers and bankruptcy clients know what the opportunities are for finding well-paid jobs and to have them be forewarned about layoffs that are in the works. I also want to make readers aware of job trends here in the state.
On the bad news side this week, Inside Indiana Business reported that, nationwide, the number of people who've been jobless 27 weeks are more has tripled since the start of the recession. Employment decreased most in manufacturing and construction, moderated its decline in professional and business services, and was flat in leisure and hospitality.
On the more positive side, the headline of a U.S. News and World Report article read "Companies Hiring Right Now", mentioning Wells Fargo, IBM, Kentucky Fried Chicken, Cingular, Books-A-Million, Petsmart, and Enterprise. The report mentioned government jobs with the U.S. Commerce Departments Census Bureau and the IRS, which is hiring internal revenue agents.
When I searched the website ihirejobnetwork.com, I found quite a number of job listings,
everything from accounts payable specialists to backflow tester and chef, plus some higher level positions in the life sciences area.
No getting away from the fact that the most important phase of bankruptcy comes at the end of the process, when my client emerges from the bankruptcy and makes that "fresh start" I'm always talking about. The secret of success, though, is the availability of jobs. Chapter 7 bankruptcy clients need to get back into a pattern of keeping all the bills paid on time and setting aside an emergency fund. Chapter 13 bankruptcy clients need to fulfill their three to five year debt repayment plans.
In the final analysis, bankruptcy and employment are joined at the hip!
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