How To Be Prepared if You Know Your Company is Expecting Layoffs

Expecting around 7,500 administrative position to be cut, The U.S. Postal Service is expected to provide more details. It's my job to get free information into the hands of laid off employees. I recently did the same for employees of KV Pharmaceutical and US Fidelis. Their also experienced increased layoffs recently.

The recent announcement clarifies which positions are going to be impacted, the initial announcement was back in January. With the discussion to close around 2,000 post offices and condense mail-processing centers over the next year, these layoffs are just another downsize the organization is making. As the mail volume is declining, more people use email, the internet and other technologies to communicate and pay bills, these cuts are responding to these changes.

The organization is looking to stop Saturday mail to try to drop from six-day delivery to five. This still needs approval; because there are concerns that people in rural areas will be negatively affected if Saturday delivery is cut.

When you experience a layoff, you don't know what's going to happen because most people are living from paycheck to paycheck as it is. With the economy being so unpredictable, losing your job can be very hard for a person and their family, and you never know when you will be able to find work again. Many of these workers will see the effects of debt take over their lives quicker than expected when these layoffs take place.

Make an action plan if you are expecting a layoff. If you are already living paycheck to paycheck, be proactive by doing some research, and looking at all of your options. If you focus on this quickly, you may not even need a lawyer. You need to find the right information, fast and efficiently, so you can figure out your next move. Even if you are buried under a mountain of debt and it is too late to make a plan, you still may not need a lawyer.

Losing your job can be a very tragic event, and if you aren't prepared, you may find yourself needing protection from foreclosure, credit card debt help, and relief from creditor calls earlier than you expected. Looking into filing for bankruptcy is proactive action to take towards getting you and your family on the right track to financial stability.


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James Brown is a personal bankruptcy attorney in St. Louis, Missouri. He has filed over 30,000 bankruptcy cases and published many books and articles. You can request his free Missouri and Illinois bankruptcy guide for the best tips on how to prepare for your bankruptcy and find a great bankruptcy attorney.