For most people losing your job causes a great deal of emotional and financial stress. If you are concerned about how you will pay your bills while you look for a new job, please contact me as soon as possible. Discussing your finances with me will give you a plan for dealing with the bills and then you can focus on the next steps in your career.
One common mistake people make after losing a job is taking all of the money from a retirement account or 401(k) and using it to pay credit cards or other bills while they are unemployed. All too frequently, I talk to people who have spent all of their retirement savings in a futile effort to pay their credit cards. In these situations the person still needs bankruptcy relief, but their pension or retirement savings are gone. If you file a bankruptcy, your retirement savings is protected from creditors.
Please contact me so that we can plan a path forward.