… One of the biggest fears of debtors filing Chapter 13 bankruptcy is that they will lose their job during the 3 to 5 year repayment plan.  Fortunately, debtors who lose their job during a Chapter 13 bankruptcy still have options:

Dismiss the Chapter 13 bankruptcy case. Most debtors have the power to voluntarily dismiss their Chapter 13 bankruptcy case at any point and deal with their creditors directly.  For example, a debtor might decide to dismiss their case …

Category: Chapter 13 Bankruptcy , Unemployment - Job Loss

Tags: Chapter 13 Bankruptcy Chapter 13 Modification Job Loss Unemployment

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When a debtor faces a job loss, the first thing they should do is apply for unemployment insurance. Don’t make the assumption that you don’t qualify for unemployment insurance, apply and allow them to approve or not approve your benefits.  One of the mistakes that many unemployed workers make is waiting too long to apply for their unemployment benefits, don’t make that mistake, apply as soon as you become …

Category: Bankruptcy , Economy , Managing Your Finances , Unemployment - Job Loss

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Wal-Mart Stores, Inc. is implementing 11,200 job losses at its Sam’s Club warehouses in an effort to stop financial losses being experienced by the discount grocery chain.  Approximately 1,200 of those job losses will be in Texas.

The cuts represent about 10 percent of the warehouse club operator’s 110,000 staffers across its 600 stores. That includes 10,000 workers, mostly part-timers, who offer food samples and showcase products …

Category: Economy , Unemployment - Job Loss

Tags: DFW Job Loss Sam's Club Texas Wal-Mart

The latest job loss report released by the Labor Department is not encouraging.  There were 85,000 job losses in December and that’s after employers added 4,000 jobs in November.  It just seems that America’s workers can’t seem to get a break.  Even those who have been looking for work for an extended period of time remain unemployed.  There are 5.4 million Americans receiving unemployment …

Category: Bankruptcy , Unemployment - Job Loss

Tags: Bankruptcy Department of Labor Job Loss Unemployment

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… rose to 480,000 last week when many economists were hoping for a decline and a sign that the job losses would be improving soon.

But the rise in weekly claims of 7,000 last week, which had followed an increase of 19,000 the previous week, shows that the improvement has been halting. Analysts believe that claims need to fall to about 425,000 for several weeks to signal the economy is actually beginning to add jobs.

And it’s not just new unemployment claims that are unsettling …

Category: Bankruptcy , Economy , Unemployment - Job Loss

Tags: Economy Job Loss Unemployment United States

… a staggering 7.5 percent in November.  In an effort to cut costs, the company is implementing job losses and outsourcing its information technology department.  New jobs will go India.  Is this a trend?  As job losses mount and the recession clamps down on consumer spending, many large companies (and some small companies) are turning to foreign workers to find cheap labor, leaving many American workers unemployed for a longer stretch of time.

Since January, Neiman Marcus has had …

Category: Economy , Unemployment - Job Loss

Tags: Job Loss Neiman Marcus Outsourcing United States

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… the debt they had in 1982, and less than half the savings. They spend 10 weeks longer off the job. And a bigger share of them have no health insurance, leaving them one medical emergency away from financial ruin.”

This is exactly what many analysts have noted about today’s unemployed workers.  They are more financially vulnerable to job losses than their predecessors in 1982. And some would even venture to suggest that unemployed workers are worse off than the unemployed during …

Category: Economy , Unemployment - Job Loss

Tags: Job Loss Recession

Facing a job loss in these tough economic times can be terrifying; but there’s no need to panic. Having a plan in advance of receiving the pink slip can save you lots of money and stress.

Step #1 – Once you suffer a job loss you need to take a careful and honest assessment of your financial state. How much money do you owe your creditors? How much money do you spend on monthly expenses? Include …

Category: Bankruptcy , DFW Metro Bankruptcy , Unemployment - Job Loss

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… the Dallas Morning News, over 6 million Americans continue to claim unemployment benefits; but the job losses continue unabated. Microsoft Corp. announced 5,000 job losses to be implemented over the next 18 months. Huntsman Corp., a chemical maker will suffer 1,175 job losses this year, representing more than 9 percent of its work force. United Airlines parent UAL Corp. said it would experience 1,000 job losses, that’s in addition to the 1,500 job losses suffered last year. And Industrial …

Category: Unemployment - Job Loss

Tags: credit cards Job Loss

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The U.S. has lost more than 7.2 million jobs since the recession began in December 2007 and job losses are continuing as we enter the new year. The biggest and most recent job losses are coming from defense contractor Lockheed Martin Corp. which is implementing 1,200 job losses and shipping giant UPS which is implementing 1,800 job losses.

Shipping giant UPS Inc. will cut 1,800 management and administrative jobs, less than 1 percent of its global work force, as it repositions itself …

Category: Economy , Unemployment - Job Loss

Tags: Job Loss Lockheed Martin Corp Recession UPS

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… purchased by JBS USA during Chapter 11 bankruptcy, implemented 230 corporate and administrative job losses, including 160 job losses in East Texas.

“We operate a lean corporate structure,” said spokesman Chandler Keys. “One of the main goals is to make sure we don’t have layers of bureaucracy.”

While more job losses aren’t currently planned, Keys did not rule out additional job losses in the future.  As part of Pilgrim’s Pride’s Chapter 11 bankruptcy restructuring, …

Comment author: Tweets that mention Pilgrim’s Pride’s Post Bankruptcy Moves Include Texas Job Losses | Reed’s Bankruptcy Blog — Topsy.com

Comment by Tweets that mention Pilgrim’s Pride’s Post Bankruptcy Moves Include Texas Job Losses | Reed’s Bankruptcy Blog — Topsy.com: … Include Texas Job Losses http://bit.ly/4pDjMs [...] …

Category: Bankruptcy , Chapter 11 Bankruptcy , Unemployment - Job Loss

Tags: Bankruptcy Job Loss Pilgrim's Pride

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… are the result of homeowners matched with bad loans.  Even amongst the higher income families, a job loss or business failure can cause foreclosure.  Unfortunately for higher income individuals, remaining in a state of denial can be one of the main reasons they succumb to foreclosure without at least considering their bankruptcy options.  Even for high income individuals, bankruptcy offers a slew of tools that protect debtor assets while keeping creditors at bay.

Many high income debtors …

Category: Bankruptcy , Economy , Unemployment - Job Loss