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Archive for 'Chrysler bankruptcy'

What if GM bankruptcy affects your paycheck?

There are fast-flying headlines this morning on the General Motors bankruptcy issue, and among the reports at Detroit News is that there will be some Michigan plant closings.
My husband works at an auto supplier and he was put on layoff shortly after Chrysler declared bankruptcy April 30. Although he is expected to go back to [...]

College financial aid hardship / appeal letter

I’m actually taking my own advice (on the insistence of more than one family member!) and writing to my daughter’s college financial aid office to let them know of our drop in income for 2009.
I mentioned this scenario as a possibility in a previous post Chrysler layoff recovery plan: What about college? My husband works [...]

Michigan April unemployment 12.9 percent

In case you haven’t seen the headlines this week, including an Associated Press story that is on page 6A of today’s print edition of The Monroe Evening News, Michigan’s unemployment rate in April was 12.9 percent.
Ohio’s unemployment rate in April was 10.2 percent.
Keep in mind that’s BEFORE the impact of Chrysler’s bankruptcy filing settled in [...]

When child support is late / in limbo because of a layoff

One of the search phrases that people have been using lately when they land on the Monroe on a Budget blog involves child support being late because of the Chrysler layoff.
It really doesn’t matter whether a layoff happened because of the Chrysler factory shutdown, the Monroe or Toledo or Detroit city department budget cuts, any [...]

Michigan Catholic: How the economic crisis affects SE Michigan

Michigan Catholic, the weekly newspaper for the Roman Catholic Archdiocese of Detroit, which includes Monroe County, Mich., has an extensive report in this weekend’s edition about the economic crisis’ impact on families in southeast Michigan.
Follow the links to read the articles.
The lead story: As home of the auto industry, effects of the crisis are depending.
“I’ve [...]

How many auto dealers does your city have?

Do you live somewhere other than southeast Michigan and dismiss the automotive business headlines as, “Too bad for Detroit. But it doesn’t affect my part of the country.”?
If so, you need to read the Detroit Free Press’s Cover Story report and related sidebars today on Endangered Dealers.
And then pay close attention as you go about [...]

Michigan child support and a layoff

I (finally) have a stats counter installed on my blog. One of the neat features is that I can see what keywords and questions people are searching for as they land on Monroe on a Budget.
One of the questions someone had this week was how the Chrysler layoff will affect child support. I did some [...]

Layoff recovery plan: inventory your resources

My husband is among the thousands of people in southeast Michigan and northwest Ohio on layoff because of the Chrysler bankruptcy shutdown. He works at an auto supplier that has stopped production.
He will get only unemployment benefits for the duration. There is no supplemental pay under his contract.
Since the bankruptcy filing scenario broke last Thursday, [...]

Chrysler layoff recovery plan: What about college?

Given the thousands of people who are now out of work in southeast Michigan and northwest Ohio because of the Chrysler bankruptcy carquake … I’m going to pick up on a few topics specifically for that audience. And the first question is:
What about college?
This situation may be easier to resolve than you think.
Currently in college [...]

Some Chrysler pensions are affected by bankruptcy

The Detroit Free Press is reporting in the Chrysler bankruptcy headlines today that some Chrysler pensions are affected by the bankruptcy. A snippet:
About 1,800 Chrysler retirees were shocked to discover that their benefit payments were voided Friday morning.
Lynn Feldhouse of Rochester Hills actually saw the deposit disappear as she checked her bank account online. “This [...]