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What kind of assistance can you expect from unemployment?

On Behalf of | Apr 3, 2018 | Bankruptcy |

You walk into work on a normal morning only to hear mumbled chatter about bankruptcy filings. Later on, you are given a notice that your job will soon be obsolete because the company you work for is going bankrupt and liquidating all of its assets. Fortunately for you, there is the option of filing for unemployment insurance in Ohio which may be able to provide temporary relief as you seek for another job and continue to provide for your family.

Unemployment has many benefits, but perhaps the most obvious is the ability to receive steady financial support for a temporary period. This relief may allow you the time you need to update your resume, look for jobs and interview for a new career position. According to the Boston Globe, you are eligible to receive unemployment insurance if you have recently lost your job due to a situation that was outside of your control. You must also be legally able to work, as well as currently seeking new employment. 

The amount of money you receive will vary depending on your needs and the number of dependents you have in your household. It is important to note that unemployment is not designed to be an exact replica of your previous earnings and you may receive less than you were when you still had a job. Many states have a cap on the amount of time you are allowed to receive payments before the insurance runs out. 

The information in this article is intended for educational purposes only and should not be taken as legal advice.  


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