Who Your Lawyer Is, DOES Make a Difference

Geraci Law founder Peter Francis Geraci likes to say “Why pay the same and not get the name?” 

Who Your Lawyer Is, DOES Make a Difference

Geraci Law founder Peter Francis Geraci likes to say “Why pay the same and not get the name?”  Even worse, why THINK you’re paying an attorney to protect you, but end up losing your home or other asset?

Remember, creditors look at your bankruptcy petition, and so does the United States Trustee and their minions.  An attorney representing creditors scrutinizes your Chapter 7 or 13 petition, looking for assets they can take, or money they can get you to pay creditors.

Geraci Law Attorney Nathan E. Curtis recently defeated a Chapter 7 trustee in one case, and a Chapter 13 trustee in another. In Will County, Illinois, the Chapter 7 trustee wanted to take $12,000.00 the Geraci clients had claimed exempt as funds from the sale of their home, because Illinois law says the “homestead” exemption is only good for a year.  Attorney Curtis pointed out to the Court that, since the Chapter 7 was filed within a year of receiving the sale proceeds, the Trustee could not claim it by holding the Chapter 7 case open and waiting a year to object.  This saved the Debtors $12,000.00.

In the Chapter 13 case, Geraci Law attorney Nathan Curtis defeated the claim of the Chapter 13 trustee that life insurance proceeds of $50,000 were “disposable income” that had to be paid to creditors. Attorney Curtis pointed out that only “current monthly income”, not a one-time payment, much less a life insurance payment that is exempt from creditors, may be required to be used to pay creditors.  The Bankruptcy Judge agreed, and Geraci Law saved the widow from having to use life insurance to pay creditors.

Who you choose for an attorney DOES make a difference!

Dial 1-800-CALL-PFG for a free phone mini-consultation, or make an appointment online 24/7 at www.infotapes.com.  Bankruptcy laws are in place to help you.  Who knows bankruptcy like Geraci Law?  Geraci Law has 30,000 5-star reviews 5starsince November 2016!

Read ALL ABOUT DEBT RELIEF at www.bankruptcybookbypeterfrancisgeraci.com.

Geraci Law – Indianapolis

Geraci Law – Indianapolis

Geraci Law is ready and open to meet with you in any of our convenient Indianapolis locations! It does not matter if you are north, south, east or west of I-465 – Geraci Law is close to you.

Meet our Geraci Law Indianapolis team!

SADAttorney John Sadler 

Attorney John Sadler is a senior court attorney and supervising attorney at Geraci Law. Attorney Sadler is admitted to the U.S. District Court in the Northern District of Illinois, Northern District of Indiana, and the Southern District of Indiana. He has bar admissions in Indiana and Illinois.

He earned his Bachelor of Arts in Criminal Justice & Sociology and Juris Doctor from Indiana University. In his spare time, he enjoys camping, cycling, and other outdoor activities. He is a board member of a small non-profit cycling organization focused on raising money through cycling events for cancer research.

SHLAttorney Chad Garrapy

Attorney Chad Garrapy is a Senior Attorney at Geraci Law and has been practicing law since 2011. He handles cases out of the Southern District of Indiana. Attorney Garrapy graduate Magna Cum Laude with a major in political science and a minor in criminal justice from Bloomsburg University of Pennsylvania in 2007. He graduated Cum Laude from Michigan State University College of Law in 2011. He is admitted in the State of Indiana and the Southern District of Indiana. Attorney Garrapy has filed nearly 1,800 cases for clients since 2011. He will thoroughly go over all your financial relief options to develop a specific plan for each individual client He’ll even make you laugh from time to time!

img_6918Attorney Anthony Shull

Attorney Anthony Shull is a court attorney and has been with Geraci Law since 2013. He graduated with honors from Indiana University in 2009 with a Bachelor of Science in Public Affairs, and received his Juris Doctor from Valparaiso University School of Law in 2012. Attorney Shull guides clients through all phases of the bankruptcy process, from the initial consultation all the way through discharge. In his free time, he enjoys spending time with his wife and daughter, all things Disney, and attending IU football and basketball games.

PWMAttorney Patrick McNulty

 

Attorney Patrick McNulty is a graduate from IUPUI where he attained his Bachelors of Science in Psychology. After attaining his B.S he attend the University of Dayton School of Law and acquired his Juris Doctorate spring of 2017. He has been a life long resident of Indianapolis and hopes to make a positive difference in the city. Everyday he challenges himself to provide a stress free and easy going experience for every client. Outside of work he enjoys going out to dinner, watching movies, and taking care of his two dogs. He enjoys everyday to the fullest and has an absolute zest for life.

LACAttorney Lacey Faul 

Attorney Lacey Faul is a Senior Attorney at Geraci Law and has been with the firm since November 2009. She graduated from Purdue University in 2006 (Boiler Up!) with a major in Management and minors in Marketing and Human Resources & Organizational Behavior. She received her J.D. from Indiana University – Indianapolis in 2009 and joined Geraci Law soon after. She is a member of the Indianapolis Bar Association – Bankruptcy Section, Indiana Bar Association, and Illinois Bar Association. She is licensed in the Southern District of Indiana and the Northern District of Illinois and has filed over 1,700 cases to help her clients become debt free. She takes pride in helping to ease her clients’ fears and loves to hear how relieved they are when their case is complete. In her free time she loves to relax with her dogs and husband and hopes to one day start marking places off her travel bucket list again!

TUCAttorney Bridget Spears 

Attorney Bridget Spears has been practicing law since 2008. Her current focus is on Chapter 13 issues/noval and complicated matters. She enjoys the practice of bankruptcy because it is one of the only areas of law where her client wins everytime, by overcoming their debt, whether it is in a Chapter 13 or a Chapter 7. Bridget is a member of the Indianapolis Bar Association – Bankruptcy Section, Indiana Bar Association, and Illinois Bar Association. She graduated from Indiana School of Law in May of 2008; with an emphasis on Trial Practice. Her undergraduate degree is also from Indiana University where she was an inaugural member of the Sam Masarachia Scholars Program. In her free time she enjoys playing with her toddler, traveling, and attending sporting events.

Dial 1-800-CALL-PFG for a free phone mini-consultation, or make an appointment online 24/7 at www.infotapes.com.  Bankruptcy laws are in place to help you.  Who knows bankruptcy like Geraci Law?  Geraci Law has 30,000 5-star reviews 5starsince November 2016!

Read ALL ABOUT DEBT RELIEF at www.bankruptcybookbypeterfrancisgeraci.com.

Helpful Links & Resources

Geraci Law updates our site constantly with useful tools about debt, budgeting and education.

Helpful Links & Resources

Geraci Law wants to be a resource to anyone in debt, learning how to budget or wanting to learn more about finances or bankruptcy. There’s a lot of information out there – go with the firm you know and trust.

Check out https://www.infotapes.com/Links for information. We are constantly updating with new links. If you have questions or need a listening ear, give us a call at 800 CALL PFG. It’s free!

Dial 1-800-CALL-PFG for a free phone mini-consultation, or make an appointment online 24/7 at www.infotapes.com.  Bankruptcy laws are in place to help you.  Who knows bankruptcy like Geraci Law?  Geraci Law has 30,000 5-star reviews 5starsince November 2016!

Read ALL ABOUT DEBT RELIEF at www.bankruptcybookbypeterfrancisgeraci.com.

Stop Lawsuits!

Geraci Law can help you STOP a lawsuit with a Chapter 7 and Chapter 13. We can help with foreclosure, wage garnishments and judgments.

Stop Lawsuits!

Did you receive a notice about a lawsuit in the mail?  Did the Sheriff knock on your door and hand you a summons? Are you worried about foreclosure and your home?

Geraci Law can help you figure out what your options are regarding past due balances. We offer bankruptcy as an option to STOP the lawsuit.

Filing a Chapter 7 or Chapter 13 bankruptcy will stop a lawsuit from a creditor. Geraci Law offers FREE consultations with our experienced attorneys to help you figure it out. Filing a bankruptcy can prevent:

  • Foreclosure
  • Garnishment
  • Judgments
  • Liens against personal property or bank accounts

If you are being garnished already or if a default judgment is already entered, filing a bankruptcy can STOP any future collections. If there is a suit filed, NOW is the time to consult with a Geraci Law bankruptcy attorney. We can advise if bankruptcy is a solution to your problem.

Even if you are getting threats for a lawsuit from collection agencies, give us a call. Solve the problem before a lawsuit is filed on public record. Geraci Law is happy to meet with you via video, in office or by phone.

Dial 1-800-CALL-PFG for a free phone mini-consultation, or make an appointment online 24/7 at www.infotapes.com.  Bankruptcy laws are in place to help you.  Who knows bankruptcy like Geraci Law?  Geraci Law has 30,000 5-star reviews 5starsince November 2016!

Read ALL ABOUT DEBT RELIEF at www.bankruptcybookbypeterfrancisgeraci.com.

Chapter 36 – Business Bankruptcies

An excerpt from Attorney Peter Francis Geraci’s “The Complete Book on Bankruptcy.” Learn more about misconceptions about bankruptcy!

Chapter 36 – Business Bankruptcies

Stein Mart is the most recent business to file for bankruptcy since the start of the pandemic. You may wonder what is a business bankruptcy and what does it mean? You may be a business owner thinking about filing for bankruptcy. Below is an excerpt from Attorney Peter Francis Geraci’s Complete Book on Bankruptcy.

At Geraci Law, we don’t do bankruptcies for operating business. You may as well wind it up properly yourself. Pay your taxes, sell your inventory, and close up. Businesses don’t get a discharge anyway. Chapter 7 only liquidates a business. You can do that by yourself.

You may have heard of major corporations reorganizing under Chapter 11 of the Bankruptcy Code. Small businesses seldom reorganize, and 95% of the businesses with under $2 million in sales that go into Chapter 11 do not reorganize successfully and go under completely. In October, 2005, a simplified reorganization procedure for small businesses was enacted.

Businesses don’t usually file bankruptcy because only people get discharges. Business usually wind up their affairs, pay off what creditors they can, and disappear. Only if a real person has personal liability, or the business really wants to liquidate using bankruptcy, do small businesses file.

Many small businesses are incorporated. If the owner of the incorporated business did not sign personally, it is only the corporation that is obligated. In that case, certainly the owner does not need a bankruptcy attorney. But does the small corporation need bankruptcy relief? The answer generally is, no. Just struggle along. If your small incorporated business is still alive, do the best you can. Stay away from bankruptcy. Make sure you pay the employee withholding taxes, unemployment taxes, and sales tax. Those are items that an officer or shareholder of a corporation may be held personally liable for. Try to pull out of your problem by yourself, and if you cannot, fold the business yourself.

However, if your business is not incorporated, you may be personally liable for its debts. In that case, the same rules apply. I see no benefit to putting a going business into bankruptcy court. If you are going under, just go out of business. Many creditors tend to just drift away. After you are out of business, and find a regular job, if anyone sues you, you may want to file a Chapter 7. Bankruptcy rules will generally not help a failing small business to succeed.

If you have already closed your business, and remain liable on its bills, and have other bills such as charge card debt, we may be able to get you a fresh start. We represent a lot of people who have already closed their businesses, there are no assets left, and they need to get a fresh start.

If that is your business is closed up, and you are now doing something else, and you just want to eliminate personal liability on loans, or if you have a 1 person business, you may benefit greatly from the bankruptcy relief which is available. But, if your business is still going, don’t call me!

Problem: Jose had a hot dog stand, and his rent doubled, and he was evicted. He is now working as a cook making about $32,000.00 a year, but that is not enough to pay for all the bills he ran up trying to save his small business, and now the creditors are suing him.

The Peter Francis Geraci Chapter 7 or 13 Solution: Jose can file a Chapter 7, list both his business and personal debts, and get a fresh start.

Dial 1-800-CALL-PFG for a free phone mini-consultation, or make an appointment online 24/7 at www.infotapes.com.  Bankruptcy laws are in place to help you.  Who knows bankruptcy like Geraci Law?  Geraci Law has 30,000 5-star reviews 5starsince November 2016!

Read ALL ABOUT DEBT RELIEF at www.bankruptcybookbypeterfrancisgeraci.com.

Geraci Law – The Firm You Know & Trust

The Chicago Blackhawks lost last night, they get another shot for a win. Let Geraci Law help you with a fresh start!

The Chicago Blackhawks lost their opener last night against the Las Vegas Golden Knights. The good news is they get another shot at Game 2 on Thursday. Geraci Law wants to help you with your second shot. If you lost your job, if you lost income, if you just feel like you are losing the battle of debt – Geraci Law is here for you. Don’t gamble your financial future!

Since 1977, Geraci Law helped over 250,000 people solve debt problems. We’ve been reviewed 30,000 times from HAPPY clients. These clients have two things in common. The first is they used Geraci Law to get out of debt. Second is their lives are better since filing for bankruptcy with Geraci Law. It’s just simply relief.

Bankruptcy can be scary – you might be worried or nervous. There’s enough in the world to be worried and nervous about. Bankruptcy with Geraci Law can help solve the debt nerves. Owing money you cannot pay is scary – bankruptcy should not be.

We work with everyone. We offer flexible payment options and if bankruptcy is NOT your best bet, we’ll advise you on alternative options. It’s what Geraci Law is here for – we want to change your life for the better.

Geraci Law can meet you virtually, by phone or we’re open at our several locations. It’s whatever is easiest for you. It starts with a free consultation. You can schedule this by calling 800 CALL PFG or online by clicking here. https://www.infotapes.com/Bankruptcy/OfficeLocator

Dial 1-800-CALL-PFG for a free phone mini-consultation, or make an appointment online 24/7 at www.infotapes.com.  Bankruptcy laws are in place to help you.  Who knows bankruptcy like Geraci Law?  Geraci Law has 30,000 5-star reviews 5starsince November 2016!

Read ALL ABOUT DEBT RELIEF at www.bankruptcybookbypeterfrancisgeraci.com.

No question too big or small – we’re nice, we’re experienced and we’re ready to help!

Rockford Residents – We’re Here for You!

Geraci Law Rockford office is open and ready to help any Chrysler workers!

Rockford Residents – We’re Here for You!

Back in 2013, Chrysler shut down the legal department. Before, Chrysler employees had free legal representation including bankruptcy filings. Now, Chrysler employees in need of financial help are left to find their own counsel.

Geraci Law is here for you in our Rockford, Illinois office. No one understands how hard it’s been for employees from Chrysler in Belvidere. Since 2018, you’ve dealt with multiple shutdowns, overtime cuts and furloughs ranging from one week to entire month. Geraci Law staff gets it. We know you are trying, we know it’s tough.

Meet our Geraci Law staff in Rockford. We’ve helped tons of coworkers, friends and family. Geraci Law is local and we’re here for you. Call us at 800 CALL PFG.

JKNAttorney Jason Nielson
Attorney Jason Nielson is a senior attorney at Geraci Law. He is licensed to practice in Illinois and Texas. Attorney Nielson started with Geraci Law in 2007. He is an expert in the Northern and Western districts of Illinois.

Clients say, “Pleased that everything went through in a timely manner! We were helped every step of the way, from filing Chapter 7 or Chapter 13. We were guided through each step, very helpful! Our minds were set at ease. Give a call to: Jason Nielson if you have questions about any Bankruptcy and Dept Legal Service you need. As with us, we are sure he will answer then guide you as to the best route for you! Thank you Jason.”

HRTAttorney Phil Hart
Attorney Hart used to work for Chrysler legal department, he now handles court work for Geraci Law. He’s an expert in Chapter 7 and Chapter 13 bankruptcy petitions.

 

 

 

JODAttorney Joseph D’Onofrio
Attorney Joseph D’Onofrio graduated with a Bachelor of Arts from Northern Illinois University. He went on for his Juris Doctorate at Valparaiso University Law School.

Clients say, “Filing bankruptcy is NOT something that I never thought that I should do HOWEVER circumstances changed and I thought it was the worst thing I could do to change my situation. However after going in to Geraci and talking to Mark I was put at ease and decided that it was the best thing I could do. Joe D’Onofrio continued to make this process quick and easy to understand and was of immense help to me. These folks are calming and so easy to talk to and I can’t thank them enough! They are awesome and continued communication has been awesome as well!”

Dial 1-800-CALL-PFG for a free phone mini-consultation, or make an appointment online 24/7 at www.infotapes.com.  Bankruptcy laws are in place to help you.  Who knows bankruptcy like Geraci Law?  Geraci Law has 30,000 5-star reviews 5starsince November 2016!

Read ALL ABOUT DEBT RELIEF at www.bankruptcybookbypeterfrancisgeraci.com.

Geraci Law Helping Madison, WI

Geraci Law is now taking cases in Madison, Wisconsin – call us for a FREE consult!

Geraci Law Helping Madison, WI

Geraci Law is now taking cases in Madison, Wisconsin and the surrounding areas! If you are in the Western District of Wisconsin, Geraci Law can help you handle your debt. You can meet with an experienced attorney with the Geraci Law difference. We can meet with you via video from the comfort of your own home.

Our Wisconsin Team (all are graduates of University of Wisconsin – Go Badgers!)

PARAttorney Jonathan Parker

Attorney Jonathan Parker is a senior court attorney and supervisory attorney at Geraci Law. He is responsible for the majority of the firm’s litigation as well as counsel to Attorney Peter Francis Geraci.

Attorney Parker’s professional experience includes providing client consultations, filing bankruptcy petitions, handling the firm’s litigation, and legal research. He has won and appealed numerous cases for the benefit of his clients. He is a leading expert in consumer bankruptcy law.

He is the attorney of record on 7,934 cases and he’s appeared in court on 4,844 of them. Attorney Parker helped over 5,000 people solve their financial problems.

He has extensive knowledge of the United States Bankruptcy Code and debt settlement. Attorney Parker will determine your best course of action to solve your financial problem. You should expect nothing but the best representation when Attorney Jonathan Parker is on your team.

LSAAttorney Lisa Ellmaurer

Lisa graduated from the University of South Carolina in 2010 double majoring in International Business and Finance and double minoring in German and Chinese. She graduated from the University of Wisconsin Law School in 2013.

During law school she externed for the Wisconsin Department of Justice’s Consumer and Antitrust Unit and worked at the UW Law and Entrepreneurship Clinic. She also served as an Editor for the Wisconsin International Law Journal. Lisa is admitted to practice in both Illinois (2013) and Wisconsin (2013). Employee since 04/2014.

AMGAttorney Andrew Golanowski

Atttorney Andrew Golanowski graduated with Bachelor of Arts in Philosophy from the University of Wisconsin-Madison. He went on for his Juris Doctorate from the University of Wisconsin-Madison.

He is a supervising court attorney for the Eastern District of Wisconsin and is ready to help solve any complicated bankruptcy issues.

Dial 1-800-CALL-PFG for a free phone mini-consultation, or make an appointment online 24/7 at www.infotapes.com.  Bankruptcy laws are in place to help you.  Who knows bankruptcy like Geraci Law?  Geraci Law has 30,000 5-star reviews 5starsince November 2016!

Read ALL ABOUT DEBT RELIEF at www.bankruptcybookbypeterfrancisgeraci.com.

Come Meet Attorney Berning in Wauwatosa, WI!

Free attorney consultation for debt relief options in Wauwatosa/Milwaukee, Wisconsin.

Come Meet Attorney Berning in Wauwatosa, WI!

Did you know Geraci Law is open in Wisconsin? Come meet Attorney Brent Berning at our office in Wauwatosa, Wisconsin. We’re right across the street from the Mayfair Mall at 2505 N Mayfair Road.

Worried about COVID-19 but still want to meet with a local attorney? No problem! Attorney Berning offers video meetings – all you need is a cell phone.

Read what real Geraci Law clients say about the Wauwatosa/Milwaukee office and Attorney Brent Berning.

“I have never filed for bankruptcy before…i was very nervous for my first visit. Before i knew it Brent Berning was introducing himself and reassuring me i have come to the right place. He was professional, pleasant and even funny which really eased up my nervous-ness given my bankruptcy situation. He explained everything to me in a way i could understand. I have nothing but wonderful things to say about this company. Thank you Brent and Geraci Law for helping me through this and thank you for helping me get my life back on track! You rock!”

“I had the pleasure of speaking to Brent Berning today and would just like to say Thank You Brent for your Professionalism in answering all my questions that I had today! You really made a great impression the way you handled all the details about my concerns I had! You are a true professional and a great asset to your company! Thank You Very Much Sir”

“I’m glad that God brought me back to Geraci Law 7 years later to the same attorney, Brent Berning. Keep up the good work.”

“There are events and circumstances that come up in life, some you can handle and some you can’t. When you reach the point of knowing you can’t handle things on your own and you get the gut feeling that you should seek help, had this heavy like feeling, so I recently had a consultation and met a person that not only does his job well but he went the extra mile. Such a great listener, he made me feel very comfortable to talk openly and freely, while expressing that the process is painless. I felt as though I was talking to one of my good friends who was assisting me with rolling away stone. I truly want to take this time to thank you for walking me through the process. That answer for me was Attorney Brent Berning. Keep up the exceptional work.”

Dial 1-800-CALL-PFG for a free phone mini-consultation, or make an appointment online 24/7 at www.infotapes.com.  Bankruptcy laws are in place to help you.  Who knows bankruptcy like Geraci Law?  Geraci Law has 30,000 5-star reviews 5starsince November 2016!

Read ALL ABOUT DEBT RELIEF at www.bankruptcybookbypeterfrancisgeraci.com.

Chapter 9 – Is Bankruptcy Bad?

An excerpt from Attorney Peter Francis Geraci’s “The Complete Book on Bankruptcy.” Learn more about misconceptions about bankruptcy!

Chapter 9 – Is Bankruptcy Bad?

Below is an excerpt from Attorney Peter Francis Geraci’s Complete Book on Bankruptcy.

No. Owing money you can’t pay is bad. Money can be used for good or bad purposes. People end up without money because of circumstances beyond their control, or for other reasons. Bankruptcy merely adjusts the debt situation to 0 again. You start out even. You get a fresh start, while still keeping the necessities of life. But the prevailing attitude about bankruptcy is that is “bad.”

This is an interesting perception. The origin of bankruptcy can be found in ancient traditions, as found in the Bible, Deuteronomy 15.1: “In the 7th year, each creditor shall release his debtors. This shall be known as The Lord’s Release.” In the Old Testament, it was the policy that a debt could exist only 6 years, and should be relaxed or forgiven in the seventh year. The purpose was to prevent damage to society by allowing a debt to live forever. The lender was cautioned thereby to lend only as much as the borrower could reasonably be expected to repay.

There are other Biblical references to debt, such as St. Paul’s admonition in Romans 13:8; “Strive to owe no debt, except that debt that binds us to love one another.” I have found nothing in any religion that states that owing money to another is “good.” In the Koran, there is a prohibition against lending money at interest. In most Moslem countries today, Moslems borrow at no interest from “banks of the faithful.”

In modern times, lenders do not follow this idea. In an era where charge cards are sent out through the mail and applications are “pre-approved”, creditors lend money without regard to whether or not the borrower can pay it back. They cover their losses by charging huge rates of interest. I have seen contracts with interest rates as high as 53%. In olden days, this was known as usury. Technically, any lending of money at interest is known as usury. But, until modern times, it was the money lender, or usurer, that was bad, not the poor person who had to borrow.

Of course, capitalism could not exist without the practice of lending capital and charging interest. But bankruptcy laws provide a legitimate, legal, and moral safety valve for the excesses of the credit system. Now, you don’t have to join the French Foreign Legion, disappear to Australia, or blow your brains out, to escape from your creditors. Bankruptcy was so important to the Founding Fathers of the United States, that, when the U.S. Constitution was written in 1787, they directed Congress to make uniform bankruptcy laws. Article III, Section 8 of the United States Constitution states: “Congress shall make uniform laws relating to Bankruptcy.”

Bankruptcy is therefore more fundamental to the United States of America than the Bill of Rights, and such things such as freedom of the press, and freedom from unreasonable searches and seizures.

The United States Bankruptcy laws are part of the Federal Code. They were passed into law by the United States Congress, our elected Senators and Representatives. All bankruptcy in the United States is governed by federal law, and the procedures are as much a part of our society as lending money at interest.

After the American Revolution, when the first Continental Congress met in 1787, one of the topics debated was whether or not to have a uniform bankruptcy law. Many of the American settlers had to run from creditors in England. They had to leave the country to avoid being thrown into debtor’s prison. Each American colony had different laws relating to collection of debts. Some had provisions that a person could be jailed for debt, and some, like the colony of Georgia, were havens for debtors and had laws which prevented bad treatment of people who owed money

There was little disagreement between the Founding Fathers of the United States of America, when it came to having a bankruptcy law. Freedom from debt was important, and so was the ability to start fresh. Therefore, in the United States Constitution, Article III, Section 8, we find the provision, “Congress shall make uniform laws relating to bankruptcy.”

However, the banking lobby was so strong that each state kept their own bankruptcy laws until 1898, when the U.S. Bankruptcy Code was passed. It was modified greatly in 1978 to deal with the amazing amount of consumer credit, and is constantly being tinkered with by Congress to balance the interests of those who lend money, and those who borrow it.

Abraham Lincoln was a bankruptcy lawyer. In Springfield, Illinois, Old Abe filed about 1/2 the bankruptcies in Illinois in 1842. 1/2 of his legal work involved debt cases.

It is to the advantage of moneylenders, to use public relations techniques to convince the public that bankruptcy is bad, and to make it something that is bad or evil. I agree that you should not discharge your debts until it is absolutely necessary, but there is certainly nothing wrong or illegal about it. No one comes out to your house and takes your clothes. No one paints a big “B” on the sidewalk in front of your house. In fact, no one is interested.

If you find yourself with no savings, nothing left over after you pay your rent, mortgage, food and utilities, and still have bills to pay, you should consider taking advantage of the fresh start provisions of the bankruptcy law. Bankruptcy is like getting a fresh start. Your debts are forgiven, except those that you want to continue to pay, and you can start saving money and doing things the right way, instead of suffering because of the credit trap.

People come into my office and ask, “What will happen to me if I file a bankruptcy?” No one ever came in, when I used to be a general practice attorney, and said, “What will happen to me if I don’t have get convicted for running a red light?” They never said, “What will happen to me if I sell my house?” But people who are being chased by bill collectors sometimes feel that they should not be able to get relief and that they will be punished if they get a fresh start. They do not realize that a big part of bankruptcy laws is forgiveness.

Nothing will “happen” to you if you file a bankruptcy. You won’t suddenly become rich and famous, or popular, or beautiful or handsome, and, on the other hand, you won’t suddenly be miserable and an outcast. One out of every 22 Illinois families will file for some type of bankruptcy relief, on the average, and in some states, the average is higher.

So, if you have problems with bills, getting the proper advice from a bankruptcy attorney as to whether or not some type of bankruptcy relief would make your life better, should not be looked on as bad. You should think of it as provision in the Federal laws that was put there by Congress to help people get out of debt.

Dial 1-800-CALL-PFG for a free phone mini-consultation, or make an appointment online 24/7 at www.infotapes.com.  Bankruptcy laws are in place to help you.  Who knows bankruptcy like Geraci Law?  Geraci Law has 30,000 5-star reviews 5starsince November 2016!

Read ALL ABOUT DEBT RELIEF at www.bankruptcybookbypeterfrancisgeraci.com.