Hire a Midwest Firm

When you hire Geraci Law, you hire the entire firm. You have the benefits of attorneys in Illinois, Indiana and Wisconsin. An Indiana man filed a Chapter 13 bankruptcy with Attorney Bridget Spears. He filed a bankruptcy to help with mortgage arrears and child support arrears.

His child support order was from Wisconsin. After the case was filed, child support continued to call and threaten arrest for non-payment. Attorney Spears contacted Milwaukee Geraci Law Attorney Andrew Golonowski. He contacted Wisconsin child support attorney and was able to stop the garnishment and collections.

Smaller law firms only handling a few cases per month would not know how to handle. Other law firms could charge for the additional work. At Geraci Law, his issue was resolved in no-time.

 

Don’t Be Afraid to Drive

An unpaid parking ticket can cost thousands to pay. A parking ticket fine doubles if not paid and continues to increase.

If payment is not made, the city can (and probably will) suspend your driver’s license. Depending on how much is owed, a down payment (usually half of the total amount due) will need to be paid to get on a payment plan. So if you have $5,000 in parking tickets – the city could require $2,500 for a payment plan.

Instead, file a Chapter 13 bankruptcy to consolidate debt into an interest free repayment plan. Geraci Law files Chapter 13 cases for little to no-money down. A case can be filed in a day and your experienced Geraci Law team works on getting your driver’s license back quickly!

File with an Experienced Bankruptcy Attorney!

Geraci Law Attorney Jonathan Parker received the following from a former client who filed Chapter 7 bankruptcy with a different law firm.

Jonathen

I made a big mistake by not working and went with XXX.  It has been a horrific experience.  I filed Chapter 7 with them and they gave me the wrong date on my 341 hearing.  The date I was offered the 341 given by the law firm Oct 7th but the hearing was suppose to be Oct 6th (a monday). I never received a letter from the clerk I and the lawyer said I have at XXX blamed me for not for not showing yet I have the paperwork. Further I was accepted into the police academy on the date of my next hearing.  Which is the date I start the academy and now I can’t out for the hearing or do a telephonic which she she said I could do.  So I lost a job and can’tt make the next hearing because it’s when I start the academy. I asked to move it up and they said no.  Is there anything I can do.  I should have went with you but cheaper looked better. I hope to get a response and again I apologize.

XXX

 

 

Five Year Plan Ends Early

A man from Muncie, Indiana met with Geraci Law Attorney Thomas Barbour. His paycheck was garnished by an old medical bill. Because of the deduction, he fell behind on rent and utilities. He needed the garnishment stopped immediately. After a thorough review of his options, the client decided a Chapter 13 repayment plan was in his best interest.

Attorney Anthony Shull quickly filed his Chapter 13 bankruptcy petition. Geraci Law attorneys agreed to file his case for no-money down. Notice was sent to his payroll to stop the garnishment immediately and the man’s 5-year Chapter 13 repayment plan began.

His Chapter 13 plan included over $22,000 in debt. After filing, notice was sent to creditors for the opportunity to file a proof of claim. After the deadline to file a claim passed, only one creditor filed.

This means instead of a five year plan, his debt will be discharged in approximately 18 months. Do not be scared off by a repayment plan. Not all Chapter 13s work like his but Geraci law can figure an affordable plan for you to pay the debt.

Stop Repossession!

Filing a Chapter 13 bankruptcy will stop car repossession. Whether you lost your job or the financer refused to work with you, a bankruptcy can keep you in your vehicle. This is of course if you want to keep your car.

If you have a high interest car loan, filing a Chapter 13 may not reduce the interest for you. It depends on how long you owned the vehicle. So you could be looking at a 3-5 year repayment plan to keep an over financed car.

Instead, consider Chapter 7 debt elimination. You can give up the car (and the debt) and save to purchase a better, more affordable vehicle.

Peter Francis Geraci and Geraci Law attorneys can refer you to dealerships. Geraci Law clients return vehicles with 25 percent (plus) interest and drive away with car payments ½ of what they were paying. They are also debt free from other bills!

If you are struggling with car payments or if you are worried about repossession, call Geraci Law. We can review both Chapter 13 and Chapter 7 options to figure out what is best for you.

Saving for Retiremeent

If you are working full time, you probably thought about retirement. Most financial consultants says to save, save, save but there is little advice as to how when you have debt. Options like debt settlement are fine but you are using the savings to pay for the debt. It seems backwards.

When you have unsecured debt like credit cards, minimum payments usually don’t go very far. Often you get in an endless cycle of robbing Peter to pay Paul.

Instead, consider a bankruptcy. You consolidate unsecured debt with a Chapter 13 where you pay zero interest or eliminate the debt in a Chapter 7.

If you spend $1,000 per month on minimum payments, by eliminating the debt in a Chapter 7 you have another $1,000 per month to save. A Chapter 13 could consolidate your debt freeing up your budget to save or contribute to a 401K or retirement plan.

Before solving the retirement problem, you have to figure out your debt. Think about how $12,000 per year in savings can help your family!

 

Credit Scores, Interest Rates

Below is a chart of how your credit score affects your interest rate on mortgages and vehicles. If you fall into the subprime category especially – consider a bankruptcy! Filing a bankruptcy can raise your score as much as 100 points after discharge. Find yourself on the chart and if you have debt – consider a bankruptcy filing to improve not only the score by the interest rate.

Credit Score Image

 

HAMP Mortgages Set to Increase

When the housing market crashed, homeowners sought help from various nonprofit and government programs for mortgage relief. President Barack Obama’s HAMP or Home Affordable Modification Program was a popular choice for homeowners.

If the modification was approved, the homeowner was able to pay the mortgage at a 2% interest rate. After five years the loan resets to the average primary interest at the time of modification. This year – the first round of HAMP-approved loans will start to increase.

The problem is many of the modified loan homeowners are still struggling to find stable employment or juggling with other debts.

A bankruptcy with Geraci Law could be the solution. If your mortgage payment is going to increase when the HAMP 5-year relief expires and you are living check-to-check with the other bills, consider debt relief.

Chapter 7 eliminates unsecured debts like credit cards and Pay Day loans. By eliminating the minimum payment on your other debt, you can readjust your budget to handle any changes with your mortgage.

It’s absolutely free to meet with our attorneys. Give us a call if you are worried about your home loan.

Fear of Debt

Owing money can be scary. Creditors call constantly and you lose sleep thinking about who is going to get paid this month and how. Its fear tactics – creditors use it to scare you into making a payment. If you say, I can’t pay you; hang up the creditor will just call again.

Many people look to other options like borrowing against retirement or using savings. They think if I can just make it this month – things will get better next month. Often, it’s a year later the savings account is empty and the bills are not paid.

Not only do most fear the creditors and owing but they fear the bankruptcy solution too! Filing a bankruptcy with an experienced law firm (Geraci Law) can protect your retirement and assets. In most cases, the only thing to lose is the debt and the best thing to gain is a good night’s sleep – debt free and stress free.

Do not wait to file a bankruptcy. If it’s 2:00 a.m. and you are looking at tax ramifications for a 401K withdrawals, call Geraci Law about your bankruptcy options. The worst part is admitting you need help.

The Geraci Law Difference!

  1. Call us 7 am to 7 pm most days, and Saturday too. Try that with a “local” lawyer
  2. 120 lawyers & paralegals. More than one person works on your case no extra fee
  3. In Bankruptcy Court daily everywhere we practice: we don’t mind going to court for you!
  4. Unmatched experience and education Our lawyers get more legal education than most
  5. Largest consumer bankruptcy firm in Illinois, Indiana and Wisconsin
  6. Cheaper or same often for price & service as “solo” or “budget” lawyers who do little bankruptcy
  7. No hidden fees or charges We don’t tell you 1 thing on the phone and up the price later
  8. No extras tacked on We do for free what some other lawyers charge hundreds extra for.
  9. Nice Our attorneys and staff are some of the nicest folks you’ll ever meet
  10. Honest You deserve a square deal. If others say something else, we’ll tell you if it is true.
  11. Ethical  Geraci Law attorneys adhere to the highest ethical standards to benefit YOU!
  12. Peter Francis Geraci is our secret weapon! And yours, too.  No extra charge!
  13. Debtor Education after filing for $25 – Only course taught by Peter Francis Geraci in S.
  14. Free pre-filing non-bankruptcy educational course watch free at http://www.pfged.com
  15. Fast Filing We can file same day, depending on your case and the deal we make.
  16. Compare! Clients tell us all the time they like our firm, our service, our prices BETTER!
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