It’s interesting that less than three weeks ago, I wrote a Bankruptcy in Indiana article about the long wait veterans are experiencing getting their disability claims settled. I explained that this was no surprise to me as a debt consolidation lawyer.
Then, more recently, I read a second sad-and-all-too-true news story, titled “A Battle to Find Work”. Again, since my work involves offering Indiana bankruptcy help, I was aware of the financial problems U.S. servicemen and servicewomen have been facing. I simply wasn’t aware of this awful statistic:
“Indiana ranks fourth in unemployed post-9/11 former military.”
Because my professional life is centered around helping individuals file personal bankruptcy, I know how crucial jobs are when it comes to making a fresh start through bankruptcy. Jobs are important not only when you’re filing under Chapter 13 bankruptcy law, but also for Indiana bankruptcy Chapter 7.
Indiana has approximately 500,000 veterans. Many are service members of the National Guard who served in Iraq and Afghanistan. One of my Bloomington bankruptcy attorney colleagues who also saw the article, mentioned a particular aspect of the situation I hadn’t thought of: how young these veterans are. That means many have had very little work experience, because they enlisted right out of high school. With the job markets being “tight”, that puts these veterans at a disadvantage when applying for jobs.
On top of all that, as one of my Columbus bankruptcy lawyer friends added, in Indiana we have the fourth largest group of reservists and National Guardsmen in the country. Many of these are still enlisted, which means employers are afraid to hire them, for fear they could be called away from the job.
As I kept thinking about all of these problems, I realized something else. In connection with my work as a small business bankruptcy attorney, I learned that there are more than 500,000 small businesses in the state of Indiana. It seems that, were every one of those businesses to hire just one unemployed veteran, that would take care of the issue.
Needless to say, things are hardly as simple as that. Veterans need training in order to fill the open jobs. Many, as the Indianapolis Star article points out, have mental health problems as a result of their service to our country. Many are simply unaware of the benefits available to them through the Post-9/11 Veteran’s Assistance Act of 2008. Many have simply given up trying to fight the system.
I’ve practiced Indiana bankruptcy law for more than 26 ½ years, but I do believe the situation with veterans is as troublesome as I’ve ever seen it. When returning veterans come home to such a tough job market, it’s a real challenge. What we’re seeing in the five Zuckerberg bankruptcy law offices are veterans asking our help to stop foreclosure, and in many instances, for payday loan debt help.
It sounds odd to be thankful for the bankruptcy system, but sometimes having that safety net represents the only ray of hope for service members and veterans.
Categorised in: Bankruptcy Indiana
This post was written by Mark Zuckerberg