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Does Medical Debt Lead to Bankruptcy?

Significant medical debt can certainly lead to bankruptcy. In fact, medical debt is a huge problem for many Americans. According to some reports, medical debt exceeds debt from credit cards, utilities, auto loans, and other sources combined. How many years have we heard about the federal government addressing this problem? For me, the issue of medical debt has all talk [...]

2023-08-11T09:13:16+00:00Bankruptcy in NJ, Blog|

Karina Lucid Discusses Bankruptcy Options for Amber Heard

Karina Lucid, Founder and President of Lucid Law, recently appeared on Christina Previte’s Wake Up Call Live! Previte and Lucid discuss bankruptcy law as it relates to the Depp v. Heard verdict including possible solutions for people in a similar situation as Heard. Specifically, they discuss scenarios where bankruptcy laws may assist people who have significant legal judgments levied against them. [...]

2024-03-07T11:39:42+00:00Bankruptcy News, Blog|

Why is Business Credit So Important?

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 [...]

2023-08-11T09:20:28+00:00Bankruptcy, Blog|

Your Bankruptcy is Over, Or Is It?

For our bankruptcy clients, one of the best times is when we receive notification that the bankruptcy is over and debt has been discharged. It is indeed a time for celebration. However, it has come to our attention that some of our clients do not celebrate for too long. We are doing something about it right now! It’s Not You [...]

Can I Get Relief from My Student Debt?

More often than not, when I meet with potential clients, student debt is part of the conversation. This debt, with its high monthly payments, becomes unmanageable and burdensome. Consequently, some of these people rack up other debt while trying to stay above water. For example, some will rely on credit cards to pay for food and other essential items. This [...]

Use Your Tax Refund to Get a Fresh Start

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 [...]

2022-10-04T16:04:37+00:00Bankruptcy, Blog|

The Benefits of Chapter 13 Bankruptcy

When you are in financial hot water, there are solutions - including debt consolidation, reverse mortgages, and bankruptcy. Regarding bankruptcy, there are several options including Chapter 7, Chapter 11, and Chapter 13 bankruptcies. While there are pros and cons to each type of bankruptcy, this blog focuses on the benefits of a Chapter 13 bankruptcy. The Basics Before diving into [...]

Can Creditors Harass Me After Bankruptcy?

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 [...]

Karina Lucid Appears the Solution Point Podcast

Karina Lucid, Founder and President of Lucid Law, recently appeared on the Solution Point Podcast. In this episode, Karina discusses the importance of your credit score and related issues. For example, she discusses the perceived stigma about the filing of bankruptcy. She also addresses another myth that the bankruptcy process will ruin your credit score. In fact, while there may [...]

Karina Lucid to Discuss Business Credit

On Wednesday, February 16, Karina Lucid, Founder and President of Lucid Law, will be presenting a webinar entitled Why is Business Credit So Important? Establishing and Repairing Credit for Your Business. The webinar will take place 10 to 11 a.m. If you want more information or register, please click here.This workshop, being hosted Central Jersey SCORE, will discuss techniques to [...]

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