Most states require employers to give departing employees their final paychecks in fairly short order -- sometimes on their last day of work. In some states, these time limits vary depending on whether the employee quit or was fired. Many employers break these laws out of ignorance. But violating these laws -- even unwittingly -- can be costly. In some states, if an employer fails to pay a departing employee within the legal time limits, the employer may have to pay additional penalties, interest, and any attorneys' fees and legal costs the employee spends in forcing the employer to comply.
Losing a job is never easy. Even if you receive severance pay, you face an imminent loss of income, not to mention health insurance and other benefits. Because job searches generally take several months, chances are that you'll go through a period of unemployment. But take heart: Losing your job does not necessarily mean financial disaster. There are plenty of ways to minimize the worries that can accompany unemployment.
When your employment is interrupted, it is important to act quickly to replace as much of your income as you can. Each day that passes without money earned puts you and those who rely on you for financial support in greater risk of running into money troubles. And applying for the wrong income replacement