Two Unexpected Ways to Lose Your Job and Go Bankrupt

English: Fireworks on the Fourth of July

English: Fireworks on the Fourth of July (Photo credit: Wikipedia)

There is no doubt that losing income is the leading cause of bankruptcy, but most of us never prepare for the possibility. We figure we will always have an income through our jobs, but here are two unexpected ways to lose your job and go bankrupt:

  1. If you are a lifeguard, and you rescue someone drowning outside your rescue zone.

    That is what happened to Thomas Lopez, a 21 year old lifeguard from Estonia, Florida, who recently rescued a man drowning in an unprotected area of the Hallandale Beach. This was a “swim at your own risk” area of the beach about 1,500 feet south of the boundary the lifeguards are expected to patrol.

    Lopez was reported to have said, “I was on a stand, and guests came up to me and told me there was someone drowning, that people were screaming, and so I started running in that direction. I ran out to do the job I was trained to do—I didn’t think about it at all.”

    Lopez was fired for breaking company policy by going outside his rescue zone. A company spokesperson said, “”We are not a fire-rescue operation. We are strictly a lifeguard organization—we limit what we do to the protected swimming zones that we’ve agreed to service. We have liability issues and can’t go out of the protected area. What he did was his own decision. He knew the company rules and did what he thought he needed to do.”

    Evidently, the company did what they thought they needed to do, but there has been a public outcry ever since the story broke this past week.

  2. If you are an electronic engineer, and the expensive city fireworks you programmed accidentally goes off all at once.

    This is exactly what happened in San Diego, California last night at their annual fireworks display. The Fourth of July fireworks show was scheduled to go off to synchronized music, but instead, all the fireworks went off simultaneously and lasted some fifteen seconds. The music kept on playing in the dark night.

    According to Garden State Fireworks, a signal that was sent to the barges to “set the timing” of the fireworks caused “the entire show to be launched in about 15 seconds.” This caused one company spokesperson to say that there was nothing wrong in the pryrotechnics, but it was in the electronics.

    That most likely will mean that some unaware electronics engineer stands a good chance of unexpectedly losing his or her job.

    Cities like San Diego spends thousands and thousands of dollars on their annual fireworks displays, and the annual festivity has become big business in the United States every year.

As you can see from these two illustrations, losing your source of income through your job can unexpectedly be taken away from you. No one can predict when outside forces will take a toll on your lively hood.

As a result of losing your income, you can go bankrupt. If some sudden event has occurred to you to cause you to lose your job and go bankrupt, let us help you contact a bankruptcy attorney in your area.

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