Legal Blog

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 [...]

Lucid Law Participates in America Saves Week

Lucid Law is participating in America Saves Week which is February 22 - 26, 2021. During the week, there will be the following themes: Monday, February 22, 2021 - Save Automatically Tuesday, February 23, 2021 - Save for the Unexpected Wednesday, February 24, 2021 - Save to Retire Thursday, February 25, 2021 - Save by Reducing Debt Friday, February 26, [...]

2021-02-27T15:40:31+00:00Budgeting|

Fair Debt Collection Practices Act and You

What is the Fair Debt Collection Practices Act? Why do you care? Or why should you care? The answer is quite simple – the Fair Debt Collection Practices Act protects you, the consumer. Also known as FDCPA, this Act was created by the Federal Government to protect people from unscrupulous collections agencies and debt collectors. Basically, the FDCPA aims to [...]

Mental Health and Money

I read an article in Real Simple Magazine last year that stuck with me, Your Most Complicated Money Feelings, Resolved. I know that mental health and money can go hand-in-hand.   The opening line reads: Money can be emotional. Experts say the first step in sorting out your finances is sorting out your feelings. The article goes on to address [...]

2021-02-04T18:46:40+00:00Bankruptcy|

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 [...]

Financial, legal tools to help New Jerseyans

Karina Lucid, owner of Lucid Law, is featured on NJ.com. Karina discusses Financial, legal tools to help New Jerseyans to a brighter financial start in 2021. Many New Jersey residents face financial hardship due to the pandemic and the economic fallout. She says that those with mounting debt should look at budgeting, loan modifications, and possible Chapter 13 bankruptcy as financial [...]

2021-02-19T14:36:57+00:00Bankruptcy in NJ|

Bankruptcy Chapter 7 in New Jersey

Bankruptcy is a legal proceeding where an insolvent debtor who cannot pay his creditor gets a fresh start. Personal bankruptcy law allows an individual to be declared bankrupt and declaring bankruptcy is a matter of right given by the federal law. If you decide to file for bankruptcy, the bankruptcy case will be handled by the federal courts. If you [...]

2020-12-18T19:51:58+00:00Chapter 7 Bankruptcy|
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