California Cuts-Off Extended Unemployment Benefits
Recently, the California State Employment Development Department announced the expiration of extended unemployment benefits for California residents. Due to an “alleged” drop in the state’s unemployment rate to 11%, approximately 93,000 Californians are scheduled to have their benefits cut-off beyond 79 weeks, instead of the federally extended 99 weeks.
California was one of eight states to lose eligibility for the federal Extended Benefits programas as a result of a bipartisan congressional deal to stop the program.
What does this mean for California homeowners already struggling to make their monthly mortgage payments? If you’re faced with the prospect of losing your home or if you’re faced with insurmountable debt loads, contact your local bankruptcy attorney to learn more about your financial options.