Total Bankruptcy Adds Mass Layoffs Information Section

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Total Bankruptcy’s website at http://www.totalbankruptcy.com has long provided consumer information about bankruptcy and bankruptcy-related issues like credit monitoring, rebuilding credit, and assisted consumers in arranging free consultations with bankruptcy attorneys. Now, Total Bankruptcy had added a section reporting on the impact of mass layoffs across the country -- and on specific mass layoffs as they’re announced.

Total Bankruptcy, already a source of extensive information about bankruptcy, credit, and the economy, has added a section reporting on the impact of mass layoffs across the country. The section includes the latest mass layoff statistics from the U.S. Bureau of Labor Statistics, along with specific reports of recent, current, and upcoming mass layoffs across the country.

Mass layoffs impact the national economy, but their impact on local economies can be much more significant. The state of California saw nearly 50,000 jobs eliminated during April and May, 2006. That kind of concentration can create real crises in local economies, as hundreds or thousands of involuntarily unemployed workers suddenly find themselves in competition for the same limited pool of jobs.

Local economies can also be dramatically impacted by clusters of smaller layoffs, like the projected 9,000 jobs the Dayton, Ohio area expects to see eliminated by the end of the year.

Huge layoffs like those at MBNA and Sun Microsystems, which impact multiple local economies, can force people who were financially stable so long as their incomes were regular into debt -- and even into bankruptcy. More localized layoffs, like the elimination of nearly 1,000 jobs at two North Carolina Furniture Brands, International (Broyhill / Pacemaker) plants, can have the same impact in a smaller region.

Other recent and upcoming significant layoffs:

Whirlpool Corp.: 4,500 employees at Maytag plants in Herrin, Illinois; Newton, Iowa; and Searcy, Arkansas.

Bank of America Corp.: 6,000 employees, due to the acquisition of MBNA.

Washington Mutual: 550 workers in Jacksonville, Florida and 850 in Seattle, Washington.

AOL: After closing its Orlando, Florida call center last year and eliminating 700 jobs, AOL moves forward with plans to close its Jacksonville call center and to reduce staff in Tucson, Arizona and Ogden, Utah.

Total Bankruptcy adds this regularly updated mass layoff information to hundreds of pages of existing content on bankruptcy, rebuilding credit after bankruptcy, the state of the economy, the differences between Chapter 7 bankruptcy and Chapter 13 bankruptcy, and assistance in arranging free consultations with bankruptcy attorneys across the country.

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Tiffany Sanders
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