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More Commercial Real Estate Foreclosures Predicted for Dallas-Fort Worth

Posted By admin || 25-Jul-2009

According to an article in the Dallas Morning News , some advocates for Dallas-Fort Worth's low-wage workers accused the Texas Workforce Commission of stalling a payout of 13 additional weeks of unemployment benefits to workers who have been unemployed for more than a year. The Texas Workforce Commission claims that they must indefinitely delay unemployment benefit extension checks due to technical problems and their inability to adhere to federal rules regarding the extension.

The article said:

"On Wednesday, Texas officials announced they had indefinitely postponed a 13-week extension of unemployment compensation approved by state lawmakers in late May.
"It seems like Texas is more worried about one worker getting a check in error than getting the benefits out quickly," Stettner said."

Some critics believe that the real reason the Texas Workforce Commission is delaying unemployment benefits payments is because they are struggling to pay $3 billion (up from $1.3 billions last year) in unemployment benefits to jobless workers and will eventually be forced to borrow from the federal government. Many Dallas-Fort Worth residents who have been unemployed for over a year may face grave financial consequences because of the delay. Foreclosure and the inability of to pay basic living expenses looms just one benefit check away for many unemployed Texans. That's why it's so important for anyone facing a job loss to honestly assess their financial situation. Unemployed Texans must consider all of their options, including bankruptcy. After assessing your financial situation you may discover that it is more logical and practical to file bankruptcy after a prolonged period of unemployment. To discover how bankruptcy can help you get a fresh financial start, contact a Dallas-Fort Worth bankruptcy attorney.

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