In part 4 of this series we discuss job loss which is the second most common reason for filing bankruptcy. Each day, thousands of workers leave the workforce due to layoff, termination or resignation. Equally devastating to losing your job is the loss of income. Many are forced into borrowing money or using credit cards to pay for essential bills.
The loss of insurance coverage and the cost of COBRA insurance also drain the job seeker’s already limited resources. Those who are unable to find similar gainful employment for an extended period of time may not be able to recover from the lack of income in time to keep the creditors at bay.
Are you overwhelmed by the burden of excessive debt due to a recent job loss? If so, contact a Bankruptcy Attorney at 636-724-3355 or visit us at www.bankruptcysolo.com to schedule your no-cost consultation with an experienced bankruptcy attorney.
Brandee D. Iannelli
St. Charles and St. Louis Bankruptcy Attorney
St. Charles and St. Louis Missouri Bankruptcy Attorney