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WORRIED AND PANICKING.....JOB LOSS.....HELP

My story starts out with losing my job. This is the wrong time for this to happen, with what is going on in the economy. This is also my second job loss in less than 3 years. The first on happened 3 years ago. The company I was with for 25 years declared bankruptcy and eventually went out of business because it couldn’t get financing. This was a 80 year old company....gone! Our only retirement program was a ESOP program. I didn’t know at the time, but when you declare bankruptcy you lose your ESOP funds for good. So basically it was starting over again.

The job I had after this was in the same industry. The owner had competition move in a few years before but while sales were down he felt that a turn around was coming. I was making less than half of what I was with my first company, but I was getting buy. Things happened, he got a divorce and sales (I’m in Michigan) were still tanking. He found out that the cost of the divorce was too great and he eliminated several people, myself included. He basically said he couldn’t afford us. He offered no severance, just good bye and good luck.

I have no cushion to work with. My son is getting married this summer and the hope was to get married in our backyard.  My wife who is very supportive works,  but makes the minimum and while its something , it is not going to save our house. I’m terrible worried that I will lose the house. This is causing great stress.  We were planning on retiring eventually  and living in this house.  I have sent our many resumes but with this economy I’m not having any luck, either locally or out of State.

Basically, I need more time. I can’t believe I have come to begging for help. At 54 years old I feel I have many years to contribute, but in the job market it seems that 54 is considered past prime.  I need help with my living expenses. I know there are people  worse off than myself, but if there is a way to help me I would greatly appreciate this and feel that when I am working again I will remember any kind help with support myself.

Please help if you can. I thank you so much.
         
                         

Member ID: DD5198N16
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