May 10, 2024 | Page 3 of 3 | Karina Lucid Law

Yearly Archives: 2019

Chapter 7 Bankruptcy: What Happens at the Meeting of Creditors?

You have filled out your bankruptcy paperwork, provided all the necessary documentation, and we have filed your petition for relief. Now, it’s time to get ready for the meeting of creditors. This meeting is also known as a 341 Meeting or the Meeting of Creditors. During this meeting, the trustee overseeing your bankruptcy case will ask a list of questions. [...]

2021-08-24T11:06:29+00:00Chapter 7|

Chapter 11 Seminar, Sponsored by IWIRC

On March 6, 2019, Attorney Karina Lucid presented a CLE program with Clerk of Court, Jeanne Naughton, and Judge Poslusny, Jr., of the United States Bankruptcy Court for the District of New Jersey, Camden Vicinage, on the subject of Small Business and Individual Chapter 11 proceedings.  Ms. Lucid’s Chapter 11 seminar was sponsored by the International Women's Insolvency & Restructuring [...]

Is a Pre-packaged Bankruptcy an Option for My Business?

If your company is in the red and you are worried about creditors, fret not. There is a viable option to make the bankruptcy process easier to manage. One of the best available options is a pre-packaged bankruptcy. Pre-packaged bankruptcy is an alternative for companies considering bankruptcy. Throughout this procedure, creditor support is prepared for the company's bankruptcy plan prior [...]

Why You Should Consider Mediation Over Traditional Litigation

Everyone enjoys watching an explosive courtroom battle play out on their television screens. However, no one wants their own legal issues to go that route. That’s why mediation is an appealing solution for many New Jersey residents. As you explore different options for your needs, consider these benefits of mediation. Avoids Court Going to court is a highly stressful situation [...]

2021-08-24T11:07:56+00:00Blog, Mediation|

How Long Can I Delay My Bankruptcy?

Bankruptcy might just be the best available option if you happen to find yourself deep in debt and unable to settle your financial obligations. However, you must be aware that bankruptcy filing does have undesirable consequences which can affect your life. On the other hand, filing for bankruptcy is actually good for you to obtain discharge of debts and this [...]

2021-04-15T09:14:00+00:00Bankruptcy|

Understanding the Orderly Liquidation Value in Chapter 11 Bankruptcy

The word “bankruptcy” understandably may strike fear into many hearts. Large, well-known companies like Macy’s, Sears, David’s Bridal, Nine West, and Mattress Firm have all filed Chapter 11 bankruptcy. However, it is not just big corporations who can and do file for Chapter 11 bankruptcies; individuals and small businesses may file as well. Filing for Chapter 11 bankruptcy does not [...]

Debt Scams: You Better Watch Your Back!

Debt collectors and debt buyers are not the only companies in the debt collection sector scamming hapless victims. Following are examples of other dubious companies running debt scams. They are out to pull the rug from under you. A bankruptcy attorney can help you escape the trap of these debt scams. 1) The Debt Settlement Companies That Want You to [...]

2021-02-18T22:36:18+00:00Debt Settlement|

How Will the Government Shutdown Affect Bankruptcy Proceedings?

With parts of the federal government shutdown today, and a compromise is still unsure, lots of federal government employees will be experiencing adverse economic effects. Federal government employees are expecting to sign furlough papers and return home. Nonetheless, many of them are still waiting to see the affects of their departments. About 800,000 workers are expected to be ordered to [...]

2021-10-18T09:39:07+00:00Bankruptcy in NJ|
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