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INDIANA RANKS 5th IN BANKRUPTCIES
State ranks 8th in personal bankruptcies and 2nd in business bankruptcies


INDIANAPOLIS - In another sign of the state's souring economy, a newly released report ranked Indiana fifth in the nation for bankruptcies.

According to the U.S. Bankruptcy Court, Indiana ranked fifth nationally for overall bankruptcies, second for business bankruptcy filings and eighth for individual filings.

"These new bankruptcy numbers are just further proof that Governor Daniels' economic policies are not working," said Democratic gubernatorial nominee Jill Long Thompson. "Not only are they hurting our businesses and our families, they are stifling our economic potential."

In addition to today's troubling news, Indiana continues to rank among the leading states for home foreclosures, health care costs and declining wages. And, from June to July, 17,800 more Hoosiers lost their jobs, the second largest decrease in employment in the nation.

"While the Governor likes to tell us that Indiana is an "island of growth," the numbers continue to tell a much different story," added Long Thompson. "Many of our families and small businesses are in real trouble, and ignoring them or the problems we face isn't helping anyone."

"We desperately need new leadership that will acknowledge the challenges we face, and put in place a strategy for solving them," added Long Thompson. "That's what I will do as Indiana's next Governor."

Long Thompson is in Elkhart County today meeting with unemployed Hoosiers in Goshen. She was in Richmond yesterday talking with some of the 275 workers who lost their jobs on Tuesday when Masterbrand Cabinets shut down its operations there.