Legal Blog

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 [...]

2021-05-11T16:00:41+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 [...]

2021-04-27T08:05:52+00:00Bankruptcy|

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|

2011 – I Opened Lucid Law, and Other Major Events

Some days, it is hard to imagine what life was like before the coronavirus pandemic.  Sometimes I have trouble remembering what happened two years ago, let alone 10 years ago!  LOL!    But there is one thing I can remember for sure from 2011, and that is that I opened Lucid Law! As I was thinking about this huge landmark in [...]

Karina Lucid Understands Business

Karina Lucid has been practicing bankruptcy law for 18 years and has had her own office since April 2011. Before going to law school, Karina was operating as a manager for her family’s retail flower business. So, she has been in the small business sector since she was 17 years old. Although Lucid Law focuses on all aspects of consumer [...]

3rd Stimulus Payments Are on the Way

There is good news for millions of Americans with financial hardship. The next round of stimulus payments is on the way. Stimulus money is showing up in bank accounts and checks will soon be arriving in the mail. However, there is also some bad news. Unlike the first two rounds of stimulus, this round is not safe from creditors. In [...]

Is the Low-Cost Bankruptcy Attorney More Affordable?

Over the years, far too many clients have come to me to fix avoidable problems. They have tried to deal with financial issues on their own. Or worse yet, they relied on counsel only to be left in a worse position. There are many bankruptcy lawyers who market themselves as providers of low-cost bankruptcy services. Some in our industry, refer [...]

Mortgage Forbearance, Loan Modifications & Refinancing

I came across an article on Yahoo Finance about mortgage payments during the pandemic. The title of the article is Joe Biden just gave homeowners an even longer break from mortgage payments. Basically, the article discusses the extension of the government’s mortgage forbearance program. This program was put in place so people can keep their homes during the COVID-19 financial crisis. Please refer [...]

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