Bankruptcy

Finally, Good Economic News? 20,917 People Saved from Unemployment Line

By Meaghan Olson

Drum roll, please …. Planned announced layoffs fell 21% in August!

While U.S. employers announced 97,373 job cuts in July, that number dropped to 76,456 in August.

That’s 20,917 people who were saved from losing their jobs!

While That’s Awesome News…

…we also need to keep in mind that the total amount of job cuts climbed to 1.07 million from January through August, which is a 60% increase from the same time last year.

<But we choose to take this nugget of positive news as a sign of things hopefully moving in the right direction.>

Lost Your Job?

Times are tough for people who are working — it’s even harder for those who have lost their jobs.

If you’ve been laid off and can’t keep up with the bills, filing bankruptcy may be an option for you.

Chapter 7 bankruptcy was designed to eliminated unsecured debt, such as credit cards and medical and utility bills.

Chapter 13 bankruptcy was designed to stop foreclosure and give people an interest-free repayment plan so they can resolve their debt.

If any of those options sound appealing to you, it could help to talk with one of our sponsoring bankruptcy lawyers (for free and with no obligation!).

Full post as published by The Bankruptcy Blog on September 02, 2009 (boomark / email).