Yes, the rotorwing market sucks. One place where low oil prices don't help. The airlines react to yesterday. What happens 3 months from now is anybody's guess but with the current trend, the "fog a mirror" requirement may soon be dropped at the regionals.

For reference on what is required for an ATP, take a look at 61.159-160. The big issue for you will likely be the 250 hours in an airplane as PIC or required crew member.

Next, do you have a degree? Opinions are... (you know the saying) but having been furloughed, with few options outside aviation I would strongly suggest using that hard-earned right for something that will weather economic, and health issues a little better like a four year degree in a non-aviation related field.