More people are working, or so it seems.
About 323,000 people filed for first-time unemployment benefits last week, which was down from the week prior according to the Labor Department. In fact, last week’s figure was the lowest since the end of last November.
This could be a result of a private report showing an ease in job layoffs in February. Economists actually projected the economy added 150,000 new jobs in February, which was up from 113,000 the previous month.
Weekly jobless claims below 350,000 indicate a moderate growth in the labor market.
All of this is a good sign nationally. However, we still have work to do here in Memphis as our city still holds an unemployment rate a bit higher than the national average.
But, with good news such as Conduit Global bringing 1,000 new jobs to Memphis, we can only hope that Memphis is heading in the same direction as the rest of the nation.
I’ve practiced bankruptcy law in Memphis for over 30 years and I’ve seen the heartbreak and suffering a layoff can bring to a person and his or her family and it brings me great joy to be able to help that person.
How can I help them?
Well, if a person has been laid off and finds himself or herself overwhelmed with debt they just can’t pay back due to mounting bills that won’t stop, filing for bankruptcy can help.
Through a bankruptcy, you can either discharge your debt or lump it into an affordable payment plan. After that, your debt is gone and you have a fresh financial foundation to build on.
The strength of that financial foundation is up to you though. After a bankruptcy, you have the chance to re-establish and rebuild your credit the right way. With lifestyle changes, some patience and the right attitude, you can come out of a bankruptcy better than you went in.
We have a program that can help you called “7 Steps to a 720.” This program, which is free for our clients, will teach you:
- how to rebuild your credit the right way
- why most credit scores are wrong
- which credit cards actually hurt your credit score
- how to stop lenders that report the wrong information
- how to re-establish and rebuild your credit the right way after a bankruptcy
Let us help you. We want to.
If you have any questions or if you’re considering filing for bankruptcy, contact us. You can contact us online or call us at (901) 327-2100 and one of our experienced Memphis bankruptcy attorneys will be happy to speak with you about your situation, free of charge.