I was recently let go from my job along with about 50 other colleagues due to financial difficulties. I need a formal discontinuation letter for my loan application, but the company is refusing and offering a termination letter instead. This is not helpful for my loan process. What can I do? I need guidance on how to proceed.

You can try requesting a formal discontinuation letter from your former employer, highlighting its importance for your loan application. If they still refuse, you can approach the Labour Department or a legal professional to explore options like seeking a formal order or a settlement agreement that includes a discontinuation letter.