Unemployment and Bankruptcy
Unemployment benefits are given to individuals that have been laid off unexpectedly. These are provided by state unemployment insurance programs as long as an individual meets certain requirements. Certain conditions regarding the loss of a job and financial stability must be established before unemployment benefits can be claimed. Unfortunately, unemployment benefits do not cover any outstanding debts that you may have, so filing for bankruptcy may be a necessary action for those who lose their jobs.
For more information regarding unemployment options and bankruptcy, contact the Florida bankruptcy attorneys at the law offices of Ryan J. Really, Attorney at Law, by calling (239) 237-0675. A member of our qualified legal team can help you better understand your available legal options.
Unemployment Benefits Eligibility
To be eligible for unemployment benefits, each applicant must meet certain requirements. These include:
- The individual must have lost their job for reasons other than misconduct
- If the person quit, it must have been with good reason
- The applicant must have been a full time employee
- The individual must be able and willing to work
- The person must have reached a minimum number of hours and wages set by the state
When applying for unemployment, an applicant should remember that the process can take several weeks to complete and that each state has their own specific laws regarding eligibility, length of payments, and the amount of assistance awarded to each person.
Unfortunately, even those who receive unemployment benefits may not be able to make the payments required of them by outstanding financial obligations. In these situations, bankruptcy may be the best way for a person to escape from serious debt and regain control of their finances.
Dealing with questions of debt can be overwhelming and leave many people with more questions than answers. If you are considering your options for unemployment or bankruptcy, contact Florida bankruptcy lawyer Ryan J. Really, Attorney at Law, at (239) 237-0675.