Surviving USAirways Layoffs & Furloughs

Charlotte has fared better than other cities at the hands of USAirways, but it hasn’t been easy for those who’ve been laid off, furloughed or left doing the work of their former coworkers.

CEO Doug Parker says analysts predict the airline will lose $600 million this year and obviously such losses are untenable. Management will continue to explore ways to cut costs and grow revenues.

Seek Sound Advice

Our offices have seen an uptick in the number of USAirways employees seeking bankruptcy counseling, help negotiating with creditors and advice on short sales of their homes.

If you’re an employed airline employee in Charlotte, our advice is to walk a conservative financial path. Although management claims the Charlotte hub is a focus, the only sure things in life are death and taxes. These are extraordinary times for us all.

If you are laid off or furloughed, and are like 90% of Americans who are unaccustomed to budgeting, investigate a budgeting and money management course.

Get Control of Your Assets

If you have no idea how you are going to pay your mortgage and other debts in the short or long run, call our offices immediately. We will counsel you on your legal rights and, if appropriate, provide you with asset planning and protection strategies to implement while you look for another job or restructure your financial life. People too often consult us much later than they should, which limits their options.

We know how much you’re resisting calling a “bankruptcy lawyer.”  The earlier you call, the more options you have to avoid bankruptcy.

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