I recently came across an article on NPR.org. The article, 'Incredibly Scary': Single Moms Fear Falling Through Holes In Pandemic Safety Net, tells the story on several single mothers. While each of their stories are different, there is one general theme. That is – single moms are hit hard by COVID-19. The women in the article are not alone. Far [...]
Bankruptcies are legal proceedings that allow insolvent debtors with large amounts of debts to have a fresh start. While filing bankruptcy is a legal way for people to wipe out their unsecured debts and obtain debt-relief, not everything is wiped out. One of the benefits of filing a bankruptcy petition includes bankruptcy protection as follows: Stops creditors from collecting or [...]
Chapter 7 is the most common consumer bankruptcy. This bankruptcy type resolves debt under federal court protection. Unsecured debts, or those with no collateral, are often forgiven. Generally, credit card debt, personal loans, and medical bills are covered, but back taxes, student loans, and alimony and child support are not. Due to credit reports, it will be harder to get [...]
While this year is different than all others, the kids are heading back to school in some way. Perhaps, they did not need to do as much back to school shopping as years past. Regardless, you may have spent significant money this summer on vacation or and other summer activities to keep the family sane while you were working from [...]
When declaring personal bankruptcy, one of the filer’s main considerations is his or her willingness to give up certain properties and assets. Although retaining a property such as a home, car, or certain investments would depend on the type of bankruptcy filed whether it was under a secured or unsecured debt, this post gives you an overview of what to [...]
Karina Lucid, owner of Lucid Law, is featured on NJ.com. Karina discusses how she, as a bankruptcy lawyer, helps people with financial difficulties. Check it out here.
I am always amazed how low some organizations can be when preying on people who have filed for bankruptcy. A client recently passed along a solicitation letter that she received in the mail. It is an obvious post-bankruptcy car loan scam. Basically, this letter says that once you file for bankruptcy, all your creditors will stop reporting activity on lines [...]
It has come to my attention, that clients feel like they are being scammed by an outfit called DocketBird. According to their website, DocketBird is the most advanced, user-friendly application for accessing federal court case information. Basically, it appears the they mine data from PACER (Public Access to Court Electronic Records) for their customers. PACER, an official website of the [...]
The thought of personal bankruptcy creates fear for many people. But the truth is, there are greater fears that bring you to the brink of filing for bankruptcy. So rather than focus on the fear of bankruptcy, here is a different perspective – file bankruptcy and be done being scared. Let me explain further. Are you scared that your bills [...]
One of the major decisions an individual faces especially during difficult times is filing for bankruptcy. Unsecured debts brought about by mounting medical bills, credit card debt, and even unpaid utility bills can be hard to deal with especially if your monthly income is very limited. Some may have enough disposable income to file a Chapter 13 bankruptcy petition in [...]
