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 [...]

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|

High Unemployment & Consumer Confidence – What Gives?

Unemployment is at record highs. Consumer bankruptcy filings are at historic lows. And consumer confidence is high. What is going on? A recent episode of The Indicator from Planet Money and NPR sheds some light on the situation - check out Why Consumer Confidence is So High. People thought the pandemic was going to be as bad as the Great Depression [...]

Lucid Law Moves Headquarters to Bridgewater

Effective February 1, 2021, Lucid Law will be headquartered at: 1065 Route 22 West, Suite 2B Bridgewater, NJ 08807 The firm is relocating from Liberty Corner. Karina Lucid, Founder and President, says, “As a bankruptcy law firm, we pride ourselves on our ability to give clients a fresh start to their financial lives.  Our new office is our fresh start [...]

Is DocketBird a Scam for Bankruptcy Filers?

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 [...]

My Employer Closes or Files for Bankruptcy, Now What?

What Happens if My Employer Closes or Files for Bankruptcy? Lately, not a day goes by that we do not hear about another well-known business filing bankruptcy due to COVID-19. In fact, I just came across an interesting article from NBC News. It is called Which major retail companies have filed for bankruptcy since the coronavirus pandemic hit? Here's the [...]

What comes to mind when you hear “Universal Based Income (UBI)?”

For some, Universal Based Income sounds like a great plan. For others, it just doesn't make sense. After a lot of research, I would say it is not a bad idea. Based on data, as a country, the United States (US) would thrive. Alaska and New York have shown through actual implementation and/or experimentation that UBI can work. Other countries [...]

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