Trusted New Jersey Bankruptcy Attorney I was once again interviewed by Karin Price Mueller for her NJMoneyHelp.com column. One of Ms. Price Mueller’s readers asked this question. My daughter was out of work during the pandemic — thank god for unemployment — but she accumulated $20,000 of credit card debt. She still has a high credit score and she’s on [...]
I was recently interviewed by Karin Price Mueller for her NJMoneyHelp.com column. The theme of the article is what happens when one spouse files for bankruptcy. Specifically, one of Ms. Price Mueller’s readers posed the following question: My husband wants to declare bankruptcy. He has $25,000 of credit card debt in his name alone. We have both of our names [...]
Bankruptcy happens. Maybe you experienced a catastrophic illness or filed for a divorce that left you in dire straits. Regardless of your circumstances, sometimes even the best of us find ourselves at financial rock bottom. You may be surprised to learn who among the “rich” and famous are somewhat infamous for their questionable finances. This article from MoneyFit.org has some [...]
On May 26, Karina Lucid, Founder and President of Lucid Law, presented a program entitled Why is Business Credit So Important? Establishing and Repairing Credit for Your Business. The program was presented to the Financial Services Group (FiSIG) of the Somerset County Business Partnership (SCBP). The mission of the FiSIG is to educate the SCBP members on issues affecting their [...]
For those with unmanageable debt, I suggest that you use your tax refund to get a Fresh Start. In other words, if your medical debt, credit cards, personal loans, and other obligations are keeping you from caring for your family, you should use your tax refund to pay for your bankruptcy case. Filing for bankruptcy may be the best option [...]
A frequent question that comes to our office is can creditors harass me after bankruptcy? The answer is a resounding NO! Creditors cannot continue to harass you after the discharge of your bankruptcy case. There is a specific federal law that protects you, the consumer, from creditor harassment. It is called the Fair Debt Collection Practices Act. The Fair Debt [...]
In December, we held a Goal Setting program as part of our Fresh Start Workshop Series. I decided to plan it this way so our clients and friends can hit the ground running in 2022. I believe one without goals is aimlessly wondering. Therefore, it is a great time of year to figure out where you want to go. While [...]
In my ongoing series of technology and bankruptcy, today I am writing about Robinhood. For the unaware, Robinhood is a mobile app providing commission-free trades of stocks, exchange-traded funds, and cryptocurrencies. In other words, you can buy and sell securities on your cell phone and computer. Like most apps, Robinhood is convenient, easy to use, and inexpensive. However, there is [...]
Karina Lucid is proud to launch the Lucid Law Financial Grief Managed Workshop Series. The series begins in November 2021, and concludes in April 2023. The Workshop Series will cover a wide range of topics. Accordingly, topics include credit repair, goal setting workshops, tax debt, student loans, budgeting, types of bankruptcy, and more! "I have a desire to share this [...]
I have been writing about how technology can contribute to bankruptcy. In keeping with this theme, today I will address online gambling and bankruptcy. With the 2021 NFL season kicking off this week, it is a good time to discuss this topic. For example, the American Gaming Association estimates that a record 45.2 million Americans will bet on NFL [...]
