Must Read for Michiganders with Suspended Driver’s Licenses!

Michigan stopped suspending driver licenses for NON-driving safety issues like missed court dates, fees, etc.

According to a notice from the State Bar of Michigan – on October 1st, Michigan stopped suspending driver licenses for NON-driving safety issues like missed court dates, fees, etc.

If your drivers license is suspended, you may be eligible to have the suspension lifted! According to the notice, you should receive a letter by mail. The other option is to visit www.Michigan.gov/SOSCleanSlate.

Press Release from Michigan.gov

Changes in law lift driver’s license suspensions for thousands of Michiganders

New laws taking effect today lift license suspensions for approximately 73,000 Michiganders who failed to pay tickets or court fines or failed to appear in court for certain non-moving and other violations.

“By lifting suspensions for non-moving violations, we are enabling tens of thousands of Michiganders to drive to work, pick up their children from school, and more fully participate in their communities,” said Secretary of State Jocelyn Benson. “We are proud to implement this new law in support of Michiganders across the state.”

Of the over 73,000 drivers impacted, thousands will be able to use their existing license or get a new one immediately. Other drivers with additional infractions on their records, including additional suspensions or revocations, will need to address those issues before they can reinstate their license.

The Michigan Department of State (MDOS) is mailing letters that should arrive in the first two weeks of October to all impacted residents, explaining to them which category they fall in and if they need to take additional action before they can resume driving. Their letter will also be posted to their Secretary of State online account, where they can also purchase a copy of their driving record. Guidance is available at Michigan.gov/SOSCleanSlate.

The new state law will impact driver’s licenses suspended due to failing to comply with judgment, such as failing to pay a ticket, or failing to appear in court for certain violations. If a driver owes fees for their violations, they will still be responsible for paying those fees and/or appearing in court. Though qualifying suspensions will be marked as cleared and will no longer be in effect, they will still appear as entries on an individual’s driving record.

MDOS will host a virtual event to answer drivers’ questions and provide guidance in navigating the new law this fall. Information for the virtual session will be posted to Michigan.gov/SOSCleanSlate in the coming weeks.

Other debt bugging you? Geraci Law helps the entire state of Michigan with a debt clean slate. Call us or schedule online @ 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

Homes & Bankruptcy

Will I lose my house if I file for bankruptcy?

What happens to my home if I file my bankruptcy? Do I lose my house if I file a Chapter 7? Questions asked by every homeowner looking to file for bankruptcy. The answer is the only thing you lose if you file for bankruptcy is the DEBT.

If you in a Covid 19 or C19 mortgage deferral, if you do not have the repayment in full – filing a Chapter 13 can HELP! Talk to an experienced Geraci Law attorney today about your options.

Attorney Peter Francis Geraci answers the question of Homes and Bankruptcy in InfoTapes segment. Watch below! If you want to review your debt relief options, we’re a phone call away or you can schedule online @ 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

Geraci Law Florida Team

Our team consists of senior attorneys ready to help you. Meet the Geraci Law Florida team and read what our Florida clients say about them. Best part is? The consultation with our amazing (I’m biased) team is FREE.

Geraci Law handles Chapter 7 and Chapter 13 bankruptcy cases across the state of Florida. Our team is ready to help you stop foreclosure, stop a repossession or assist in getting you the fresh start you need.

Our team consists of senior attorneys ready to help you. Meet the Geraci Law Florida team and read what our Florida clients say about them. Best part is? The consultation with our amazing (I’m biased) team is FREE.

Call to schedule or you can schedule online @ https://www.infotapes.com/Bankruptcy/OfficeLocator

Attorney 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.

He earned his JD Cum Laude from University of Wisconsin. He graduated with a degree in French and Philosophy from Northwestern University. He received Northwestern University Departmental Honors with distinction.

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 client.

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.

Court Admissions

  • Illinois State Court
  • Wisconsin State Court
  • Florida State Court
  • Northern District of Illinois Federal Court
  • Central District of Illinois Federal Court
  • Eastern District of Wisconsin Federal Court
  • Western District of Wisconsin Federal Court
  • Northern District of Indiana Federal Court
  • Southern District of Indiana Federal Court
  • Northern District of Florida Federal Court
  • Middle District of Florida Federal Court
  • Southern District of Florida Federal Court
  • 7th Circuit Court of Appeals
  • US Supreme Court

Reviews

Attorney Ashley Chike

Attorney Ashley Chike is a senior court attorney and supervising attorney at Geraci Law. She earned her JD/MBA from Loyola University Chicago and inducted into Alpha Sigma Nu Honor Society by graduating in the top 10% of her class. 

Attorney Chike’s professional experience includes providing client consultations, drafting as and filing bankruptcy petitions/plans, representing clients in court, supervising cases, and conducting legal research.

Attorney Chike wrote a legal brief and argued in court defending a client’s right to keep her tax refund each year during her Chapter 13.  The Judge ruled in Attorney Chike’s favor and ruled against the Chapter 13 Trustee who was seeking to take the refund – now all Chapter 13 debtors can keep their tax refunds in their Chapter 13 if properly prorated.  

She has extensive experience evaluating client-specific financial debt and data to provide the best solution for the client. Clients can expect nothing less than excellence from her.  It is her mission to get the client the BEST result possible. 

Court Admissions

  • Illinois State Court
  • Wisconsin State Court
  • Florida State Court
  • Northern District of Illinois Federal Court
  • Central District of Illinois Federal Court
  • Southern District of Illinois Federal Court
  • Eastern District of Wisconsin Federal Court
  • Western District of Wisconsin Federal Court
  • Northern District of Indiana Federal Court
  • Southern District of Indiana Federal Court
  • Northern District of Florida Federal Court
  • Middle District of Florida Federal Court
  • Southern District of Florida Federal Court
  • Colorado Federal Court

Reviews

Attorney John Sadler

Attorney John Sadler is a senior court attorney and supervising attorney at Geraci Law. He earned his Bachelor of Arts in Criminal Justice & Sociology and JD 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. He has extensive knowledge of real estate and bankruptcy and supervises real estate issues in Indiana.

In 2017, Attorney Sadler successfully won an adversary proceeding for his client. His client’s car was totaled and the client received an insurance check. The creditor filed a suit alleging Attorney Sadler’s client intentionally did not fix the vehicle and the debt owed should not be eliminated in his Chapter 13 bankruptcy.

The creditor claimed the client had a responsibility to repair the totaled vehicle. Ultimately Attorney Sadler defended his client and got the adversary dismissed. He saved his client close to $10,000! 

Court Admissions

  • State of Indiana
  • State of Illinois
  • State of Florida
  • United States District Court, Northern Illinois
  • United States District Court, Central Illinois
  • United States District Court, Southern Illinois
  • United States District Court, Northern Indiana
  • United States District Court, Southern Indiana
  • United States District Court, Middle Florida
  • United States District Court, Southern Florida

Reviews

Attorney Rob Brynjelsen

Attorney Robert Brynjelsen started his career at Geraci Law in 2004. He is a supervising attorney licensed to practice in Illinois, Wisconsin, Indiana and Florida. He graduated with a Bachelor of Arts from University of Illinois and a Juris Doctor from the University of Miami.

Attorney Brynjelsen has advised on more than 10,000 consumer bankruptcy cases. Although based out of Illinois, he spends at minimum a few weeks a year visiting all of our offices to make sure the PFG Difference is maintained!

When he’s not advising Geraci Law clients and assisting attorneys, Attorney Brynjelsen enjoys playing golf and traveling, especially cruises.

Court Admissions

  • Illinois State Court
  • Florida State Court
  • Wisconsin State Court
  • Michigan State Court
  • Indiana State Court
  • Northern District of Illinois Federal Court
  • Central District of Illinois Federal Court
  • Middle District of Florida Federal Court
  • Southern District of Florida Federal Court
  • Eastern District of Wisconsin Federal Court
  • Western District of Wisconsin Federal Court
  • Northern District of Indiana Federal Court
  • Southern District of Indiana Federal Court
  • Eastern District of Michigan Federal Court
  • Western District of Michigan Federal Court

Reviews

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

How to Dispute False Item on Your Credit Report

It’s not mine, get it off my credit report! How long does bankruptcy stay on?

Article written by Attorney Peter Francis Geraci – read more like this @ https://www.infotapes.com/Articles

You can get a free credit report from one of the 3 major credit bureaus. Go to www.freeannualcreditreport.com If you see a debt listed that is not yours, you can contest it by filling out the form on each credit bureau’s dispute site.

Equifax https://www.equifax.com/personal/credit-report-services/credit-dispute/

Experian https://www.experian.com/disputes/main.html

Trans Union https://service.transunion.com/dss/login.page?dest=dispute

You can’t dispute things that are accurate. For instance, if you paid an account after it was late, the late account can show paid, but paid late. If you filed a bankruptcy, that fact that you filed stays on 10 years after your Chapter 7 filing date, and 7 years after your Chapter 13 filing date. If a debt that you received a bankruptcy discharge is listed, that is OK, as long as it shows that you owe nothing because of your bankruptcy discharge. Creditors know what a bankruptcy discharge means: you can’t file a Chapter 7 for another 8 years and have little or no debt except what you agreed to “reaffirm”, or survive discharge. So your credit score often goes up a lot after you get a bankruptcy discharge. Credit scores are bad because you have too much debt to pay, not because you got a discharge and now have no debt, and a fresh start, in most cases!

You can only contest things that are inaccurate. Here’s what Equifax says you can dispute:

• Personal information: Your name, addresses, Social Security number or date of birth.

• Account information you believe is inaccurate or incomplete: For example, if late payments are being reported on one of your accounts but you have always paid your balance on time and in full. 

• Mixed credit files: If someone else’s information is being reported on your credit file. This may happen if a father and son (Sr. and Jr.) have the same name, for instance.

• Duplicate reporting of an item: One example might be a debt listed twice.

• Information that may indicate fraud or identity theftThese would be credit accounts, including collection accounts, on your credit report that you don’t recognize.

Whether you’re contacting a lender or the credit bureaus, provide all the evidence and documents you can to support your dispute, such as an account statement verifying an account balance. Give details about why you believe the information in the credit report is inaccurate or incomplete.

What should I expect after filing a dispute?

If you file a dispute with the three nationwide credit bureaus, you can generally expect to receive the results of your dispute within 30 days. If the information is found to be inaccurate, your credit reports will be updated, generally within about 30 days.

If the result of the investigation finds that the information is accurate, it will remain on your credit reports. If you still believe the information is inaccurate or incomplete, and you have additional information that can help support your dispute, you can file your dispute again with the credit bureau. You also have the option to provide a brief statement on your credit reports summarizing your dispute, which can help explain your situation. Or you could contact the creditor to attempt to resolve the issue.

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 at the Indianapolis Motor Speedway!

Geraci Law sponsors Day at the Speedway for the National Conference of Bankruptcy Judges.

Geraci Law sponsored Day at the Speedway for the National Conference of Bankruptcy Judges. Attorneys Chad Garrapy, Bridget Spears, Patrick McNulty and Lacey Faul attended. We love Indianapolis and we love the Speedway. Schedule a free consultation with Geraci Law local offices online at 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

The Hidden Health Costs of Being in Debt

Money worries can make you sick – really sick.

Below is an article written by Attorney Peter Francis Geraci regarding the hidden costs of owing. If you are worried about medical, owing medical bills could make health conditions even worse! Read more articles by Attorney Peter Francis Geraci at https://www.infotapes.com/Press.

An article in the June 2021 Men’s Health magazine brings together a number of scientific studies concluding that money problems can kill you. The article quotes the director of the Jackson Heart study as saying that financial stress is a major cause of heart disease, and money issues can cause chronic 24/7 stress that can raise blood pressure, and cause heart disease.

The U.S. Financial Health Pulse: 2020 Trends report states: “As of August 2020, more than two-thirds of people in America (approximately 167 million people) were Financially Coping or Financially Vulnerable. These individuals are struggling to spend, save, borrow, or plan in ways that allow them to be resilient and seize opportunities over time.” https://finhealthnetwork.org/research/u-s-financial-health-pulse-2020-trends-report/  

Geraci Law founding member Peter Francis Geraci says that the overwhelming comments in over 30,000 five-star reviews from Geraci Law clients in the last 5 years is “stress relief”. Chapter 7 and Chapter 13 bankruptcy filings eliminate the stress caused by failure to be able to meet financial obligations. Both types of consumer bankruptcy allow people to re-set their budgets and balance their income and expenses. Chapter 7 allows elimination of debt, while continuing to pay vehicles and mortgages. Chapter 13 allows consolidation of debt into a monthly or biweekly affordable payment. Both, according to Mr. Geraci, go a long way to relieving stress, which lowers blood pressure and helps overall health.

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 Open in Royal Oak, Michigan

Geraci Law helping the entire state of Michigan – see Attorney Jason Kara and Rob Brynjelsen’s visit to Royal Oak!

Geraci Law is handling Chapter 7 bankruptcy cases across the entire state of Michigan! We have an office right in downtown Royal Oak. You can meet with Attorney Jason Kara or Attorney Rob Brynjelsen.

You can call us at 800 CALL PFG for a free phone consult, schedule online @ https://www.infotapes.com/Bankruptcy/OfficeLocator

Attorney Jason Kara

Attorney Jason Kara is a senior attorney at Geraci Law. He has extensive knowledge of complicated bankruptcy issues. Attorney Kara is responsible for reviewing over-median Chapter 7 bankruptcies.

He is originally from Cleveland and moved to the Detroit area during high school. Attorney Kara attended Law School at Michigan State University where he graduated Magna Cume Laude.

While attending law school, Attorney Kara served on the Journal of Business and Securities Law. He spends his free time with his wife and two small children. He enjoys just about any athletic activity and is active in his community.

Attorney Rob Brynjelsen

Attorney Rob Brynjelsen is a senior and supervising attorney at Geraci Law. He is responsible for managing attorneys in Wisconsin, and Indiana. Attorney Brynjelsen is licensed to practice in Illinois, Indiana, Wisconsin, Michigan and Florida. He earned his Bachelor’s Degree in Philosophy from University of Illinois – Urbana Champaign and his Juris Doctor from University of Miami.

He has advised on more than 10,000 consumer bankruptcy cases. He spends at minimum a few weeks a year visiting all of our Indiana and Wisconsin locations ensuring the Geraci Law standard throughout the Midwest.

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

Student Loan Updates

Student Loan collections to resume in 2022 – read Geraci Law press release and PFG Article!

Geraci Law released the following press release regarding student loans. Read this release and more @ https://www.infotapes.com/Press

As of December 31, 2019, 10,347,000* borrowers were in default or 91+ days delinquent out of 44,865,000 borrowers with outstanding debt, according to Sen. Elizabeth Warren’s April 2, 2021 press release. During COVID, federal student loan interest, and collections, were paused. Will there be a “Jubilee” of forgiveness. Not likely. But there may be relief in bankruptcy for loans over 10 years old if a bill introduced in the Senate on August 21, 2021 passes both houses of Congress. https://abi-org.s3.amazonaws.com/Newsroom/FreshStartAct.pdf

The problem with this bill is that it requires schools with a high default rate to pay to the Treasury up to 50% of the amount forgiven.

In August, the President extended to Jan. 22, 2022, the moratorium that 9 of every 10 student loan borrowers have taken advantage of. Will the forgiveness bill pass before then? Probably not, if ever. Will the moratorium get extended again. Good chance, since the Democrats want to get elected in November 2022. Will student loans disappear? Not likely. Why not? Because America’s higher education gets fat by raising tuition and have students borrow our tax money to pay for a 4 year vacation from work. So the colleges and universities are opposed to any form of student loan forgiveness that would cost them a nickel, or reduce enrollment in super-expensive post-high school education.

What to do in the meantime? Get ready to pay your student loan, since it can’t be forgiven in bankruptcy. No fresh start for you, B.A. in Philosophy!

But wait there’s more!

Attorney Peter Francis Geraci wrote an article titled, “Student Loan Forgiveness for the Permanently Disabled.” You can read this article and more @ https://www.infotapes.com/Articles.

If you are receiving Social Security Disability, the Social Security Administration has determined that you are permanently and totally disabled and cannot engage in meaningful employment. In fact, if you do engage in meaningful employment paying over $500 a month, you are then deemed to be able to work. While you are disabled, you should apply for an “administrative discharge” of any student loan obligation. A family member can help you with this. You do not need an attorney.

You should not think of filing a bankruptcy to discharge student loans, therefore, if you are receiving Social Security Disability. Just inform the student loan servicer that you are totally, permanently disabled, and ask them to forgive the loan.

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

IRS Collection Help!

You should consider filing Chapter 7 or Chapter 13 if you are getting calls from private collection agencies. You may be able to stop collection action, pay the IRS ahead of other creditors, or even obtain a discharge if you filed a truthful return on taxes due more than 3 years after the April 15-18 due date for that year, and just can’t pay them.

Hot off the presses!

The IRS hired new collection agencies to chase money owed. Before you start paying the IRS, contact Geraci Law to review your Chapter 7 and Chapter 13 options. Read more Geraci Law press releases at https://www.infotapes.com/Press.

The Internal Revenue Service announced on Sept. 22, 2021, that it has awarded contracts to collect IRS Debts to three new private collection agencies:

  • CBE Group, Inc., Waterloo, IA
  • Coast Professional, Inc., Albion, NY
  • ConServe, Fairport, NY

According to IRS Publication 4518, the Fixing America’s Surface Transportation Act signed by the President on December 4, 2015, requires the IRS to contract with private collection agencies to help collect certain federal tax debt. How do you know it is really someone authorized by the IRS? Not so easy. The IRS will send you a letter first, telling you who the agencies is. You will not get a phone call before you get an IRS letter.

You should consider filing Chapter 7 or Chapter 13 if you are getting calls from private collection agencies. You may be able to stop collection action, pay the IRS ahead of other creditors, or even obtain a discharge if you filed a truthful return on taxes due more than 3 years after the April 15-18 due date for that year, and just can’t pay them.

Geraci Law has much experience in either tax repayment, or tax discharge, so give us a call at 1-800-CALL-PFG.

Don’t answer any calls threatening you with arrest or garnishment. Private collection agencies cannot take any type of enforcement action against you to collect this debt (such as filing a notice of Federal Tax Lien or issuing a levy). Any collector claiming otherwise is a phony.

Should you give your bank account info to a collector? No. Send your payment directly to the IRS if you want to pay. The private collection agency can provide information on ways to pay or visit www. irs. gov/Payments for electronic payment options. Also see Publication 594, The IRS Collection Process, Ways to pay your taxes. Payment options include IRS Direct Pay to pay an individual tax bill directly from a checking or savings account at no cost. Also available are the following options: preauthorized Direct Debit, the Electronic Federal Tax Payment System (EFTPS), an electronic system to pay federal taxes via the Internet or by phone for free and paying by debit or credit card using an electronic payment service provider for a fee. 

Private collection agencies under contract with the IRS are required to conform to the rules, regulations, and provisions of the Fair Debt Collection Practices Act. Specific provisions of this

Act prohibit private collection agencies from threatening or intimidating taxpayers. If you do not wish to work with an IRS assigned private collection agency to settle your overdue tax account, you must submit this request in writing to the private collection agency. However, the IRS does have the legal authority to take these types of enforcement actions to collect an overdue account.

Don’t start sending payments unless you can pay the whole debt. The IRS is tricky, they will apply your payments to the newest tax debt, not the oldest. Any payment you make, or any payment plan, also stops the statute of limitations of 3 years for bankruptcy discharge on filed tax debt.

So, if you can’t pay your tax debt, expect collection agencies to bother you, don’t send payments to anyone other than the IRS, don’t start sending payments if you can’t pay the whole debt in a reasonable time, and think about calling Geraci Law. For more info, read the Complete Book on Bankruptcy https://bankruptcybookbypeterfrancisgeraci.com/Book33.html

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

Should I file Bankruptcy Before I get Divorced, During the Divorce or After the Divorce?

When contemplating divorce, when should I file bankruptcy?

New article from Attorney Peter Francis Geraci titled, Should I file Bankruptcy Before I get Divorced, During the Divorce or After the Divorce? Read this article and more @ https://www.infotapes.com/Articles

There are a lot of “secrets” that you certainly don’t know about when to file in relation to a bankruptcy. And believe it or not, more than a few divorce attorneys commit malpractice by failing to refer their clients to Geraci Law. 

Example #1  “I am not working, I am separated and can’t pay my $60,000 in credit card debt that’s in my name only. I have been paying minimums of $1200 a month for 2 years until I lost my job making $75,000 a year. I think I will wait until after I get divorced to file a bankruptcy. My spouse and I own a condo with less than $15,000 equity, and she still makes $75,000 a year. 

What to do: File Chapter 7 now, especially if you have no joint debt. If you get back to work,  you make too much money. If you stay unemployed, but your spouse files for divorce, her attorney may want some provision that promises her you will pay that debt, a big error you don’t want.

Example #2  “I have $35,000 in credit card debt and want to file for divorce. My spouse has $25,000 in debt. We rent, and each make $50,000 a year, but I will have to pay support for the kids, and can’t do that and pay $800 a month on credit cards for the next 10 years. What should I do?

What to do: You are separated, so your household income is half of what it was, an ideal time to file Chapter 7. You should also talk to your spouse, who might want to eliminate her debt in a joint filing so it is not an issue in the divorce. Waiting could be very bad: I have seen divorce property settlement agreements obligating a spouse who is paying support to pay not only support, but to pay credit cards. Very bad. Get to Geraci Law right away. 

Sometimes we file separate Chapter 7 for each spouse, sometimes a joint Chapter 7, sometimes a 7 for just one, sometimes a Chapter 13 for one only, etc.  There are a lot of ins and outs. Sometimes both spouses file, and because the debt pressure is gone, they get back together and live happily ever after.

Geraci Law saves more marriages than a country preacher. And if we can’t, at least you aren’t fighting about debt during a divorce. It’s magic!

Again, don’t call and expect to get anything straight without a virtual or in-person consultation. You spent years getting into debt, spend an hour planning how to get out of it with an experienced Geraci Law attorney. 

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