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Extended unemployment benefits to be cut in several states Atlanta, GA

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Extended unemployment benefits to be cut in several states

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In the next couple of months, more than 115,000 Americans will lose their extended unemployment benefits under a new federal law that forbids states with steady or falling unemployment rates from issuing extended benefits to their residents. With those additional cuts, the number of people who have lost their extended benefits so far this year will total more than 500,000.

Specifically, the benefits affected are those paid by the federal government which provide people who have already been out of work for between 60 and 79 weeks with an additional 13 to 20 weeks of unemployment checks. Unfortunately, it is also that long-term unemployed group which has the greatest difficulty in finding new employment. Therefore, cutting off their unemployment benefits will likely lead to deep debt, bankruptcy and foreclosure for many.

This problem will likely only get worse in the coming months. Many states are reportedly reducing the second phase of benefits, which are given to people who have been unemployed for between 26 and 79 weeks.

Economists believe that, while the benefit cuts will lower the unemployment rate, they will also have a negative effect on consumer spending and economic growth.

Although this particular change will not affect residents of Georgia, it is a sobering reminder that the shaky financial stability on which many unemployed people rest may be even less secure than they believe. One small change in the law or in your circumstances can take away your primary source of income and leave you and your family struggling to make ends meet. And because these laws will likely persist in the coming months and years, it may not be long before the long-term unemployed in Georgia see their benefits cut.

If you find yourself in this situation and are unable to pay your bills as a result, it may be a good idea to contact an experienced Atlanta bankruptcy attorney to discuss your options.

Source: USA Today, “Many unemployed facing early end to benefits,” Paul Davidson, May 29, 2012

Posted on behalf of Gingold & Gingold

1718 Peachtree St NW, #385
Atlanta, GA 30309

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Jack L.

They did an excellent job with my case. Jamie took the time to really listen and understand things. She delved into the details and was extremely knowledgeable and non judgmental. Very professional and they know what they are doing. Would definitely recommend!

All C.

Mr. Gingold was recommended by an attorney I had worked with previously. I met with Ira Gingold to discuss credit issues. He went over each specific issue thoroughly. He advised me of the potential outcomes. He did all this in one meeting for a very reasonable price. When we finished I was confident in moving forward with a resolution. He definitely wants to help people take the appropriate course of action for their circumstance.

Karen B.

Dear Mr Gingold, There are so many reasons to be thankful for all you have done and will do. Anyone who has ever had unfavorable experiences with an attorney or the legal system will feel the trepidation that I experienced once I realized that my situation seemed hopeless. It was by chance and happily good luck that I decided to put my future and sanity into your hands. I was mortified at having to deal with my debts by claiming bankruptcy. I remember in our first meeting how you assured me that I was not alone and should not feel ashamed. And, anyone in this position obviously does not have money to spare and you were clear about all the costs and allowing me to pay according to my own ability to do so. You advised me in all aspects of the law, but also, you were at each meeting incredibly supportive and complementary of my personal and professional plans. Anyone else in this situation should feel blessed to have access to your expertise and support.

Lyla B.

I thought the process of filing bankruptcy was going to be a difficult one. However, Gingold & Gingold treated me with respect and dignity from the moment I walked through their door. I had the pleasure of working with Jamie. She is very responsive, professional, and knowledgeable. She took the time and listened to my every concern and handled each and every one of them to my satisfaction. My experience with filing bankruptcy under Gingold & Gingold's representation exceeded my expectations in a major way. They gave me such a peace of mind. I am very pleased with my decision of going with Gingold & Gingold to represent me when I filed Chapter 13 bankruptcy.

Julie T.

Wow! I am finally out of debt and can say that I am debt free after completing my chapter 7 bankruptcy case with Gingold and Gingold. Mr dangled was very knowledgeable and direct with regard to my debt situation. there were no surprises and the case went as I was advised. The staff was also very helpful whenever I had a question. I will definitely recommend them in the future to my friends.

Sherard W.

I cannot say enough about this law firm. From the initial consultation to our discharge, the entire office kept me updated with every step of the entire process. I came to the Gingold after a bad experience with another law firm. Ira and Jamie immediately began treating me like family through this experience. In the end, they assisted with eliminating many debts including my 2nd mortgage. I cannot say enough about the experience and knowledge that Ira brought to the table from the office visits to the court time. Thank you very much for helping me through this tough time. Thank you.

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