About Karina Lucid

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So far Karina Lucid has created 87 blog entries.

Technology Contributes to Bankruptcy

As the world turns, technology continues to evolve at an astonishing pace. For example, artificial intelligence, robotics, and virtual reality are now part of our business processes. Obviously, these advances are designed to improve efficiency in the production of goods and services. They also improve quality while reducing costs. Who doesn’t want cheaper and better goods and services? Sounds great [...]


Millennials and Bankruptcy – It’s Real

For years, millennials have gotten a bad rap. They're described as entitled, impulsive, restless, and wild. On the other hand, loyalists, fearless, wiser, and strategic are also words synonymous with this generation. What does this have to do with millennials and bankruptcy? No Shame As I have had consults with more millennials than ever over the last year, I can [...]


Free Consultation with a Bankruptcy Attorney

In just about every advertisement for lawyers, you we see the phrase call us for a free consultation. It doesn't matter what area of law as attorneys in all different practice areas offer free consultations. Divorce attorneys, small business or startup attorneys, estate planning attorneys. And yes, even bankruptcy lawyers will promote a free consultation with a bankruptcy attorney. You [...]

Dismissal of Your Bankruptcy Case

In my previous blog, Bankruptcy Dismissal vs. Bankruptcy Discharge,  I explain these two important bankruptcy terms. Regarding dismissal, I wrote …bankruptcy filings end up being dismissed or closed by the bankruptcy court. This can happen under three circumstances. First, when you choose not to proceed with your bankruptcy case. Two, you are not able to comply with all the requirements. [...]

Tenga cuidado al buscar “Abogado de bancarrotas cerca de mí”

Buscar un abogado puede ser un momento increíblemente estresante, especialmente si se trata de un abogado de quiebras. Cuando las personas buscan un abogado de divorcios o un abogado de bienes raíces, normalmente piden una recomendación a las personas de su confianza. Con la vergüenza que siente la mayoría de las personas por la necesidad de consultar con un abogado [...]

2021-08-24T11:08:14+00:00Bankruptcy in NJ|

Subchapter V Provides Debt Relief for Small Businesses

I previously wrote about the Small Business Reorganization Act of 2019, also known as SBRA.  Subchapter V, as the SBRA has become known, was created to help small business deal with financial distress by streamlining the process. Also, it make Chapter 11 more economical and less complex so that it is more accessible for individuals with high dollar amounts of [...]

Downpayment Toward Equity Act of 2021 – The Facts

A buzz is in the air about the Downpayment Toward Equity Act of 2021. So much so, some realtors and financial companies are marketing it. These companies are touting that you can get $25,000 towards a new home and never have to pay it back. This sounds great, doesn’t it? Not so fast. Let’s look at the Act to determine [...]

2021-08-24T11:38:05+00:00Bankruptcy News, Blog|

New Jersey Law Journal – 194,000 Eviction Cases by Next Year

Well, I received the following email subject line in my inbox last week, Looming Crisis': NJ Courts Brace for Impact of 194,000 Eviction Cases by Next Year. The email was an article from the New Jersey Law Journal. While I am not surprised, as I've been cautioning about riding the wave of government help and not seeking real help for [...]

Uncovering the Root Cause of Your Financial Problems with the 5 Whys

The only way you will ever permanently take control of your financial life is to dig deep and fix the root problem. —Suze Orman You're finally done! Your bankruptcy is discharged! Before we move forward, let’s put something into perspective. Bankruptcy is basically like a bandage for your debt problems: It can help stem the bleeding and give you the time [...]


Bridgewater’s Lucid Law Celebrates Ten Years

This month, Bridgewater's Lucid Law is celebrating its 10th year in business. Before opening Lucid Law, Karina Lucid practiced bankruptcy at several New Jersey law firms. In April, 2011, Ms. Lucid opened the doors of Lucid Law with a focus on individuals, and small or closely-held corporations. What started as a one-woman firm in Liberty Corner, has grown to a [...]

2021-04-13T19:22:13+00:00Bankruptcy News|
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