Attorney – Page 3 – Bankruptcy Attorney News – Peter Francis Geraci Law, call us at 800 CALL PFG

What You Get When You Choose Geraci Law!

Check us out @ https://www.infotapes.com/. Geraci Law has helped THOUSANDS get control of their finances. We’re not a corporate firm, we’re nice friendly people ready to help. Geraci Law cares about YOU and finding a solution to your financial problem. If we can’t help, we’ll try to come up with an alternative solution.

Here’s what else you get when you choose Geraci Law:

Free phone consultation to go over your debts with a bankruptcy counselor. Call to start now with a free consultation.
Free office or virtual consultation Weekdays and Saturdays.
Fast filing same day available.
No money down filing available for Chapter 13 plans.
Payment plans you can afford available to fit your case.
We handle our own trial and appellate work.
No hidden charges: some firms tack on $150 for what we do for free.
Established bankruptcy law firm with over 100 attorneys and staff.
We do both Chapter 7 and 13, some attorneys only do one Chapter.
We are in court all the time everywhere, it’s no trouble to help you out!
No phony debt settlement schemes: we work within the court system.
Geraci Law is the largest bankruptcy firm almost everywhere we are.
Personal attention, happy clients, and a fresh start for you.
Experience counts: we do so much bankruptcy we see everything.
Geraci Law LLC provides our lawyers and staff with Continuing Legal Education constantly so you get lawyers who are up to date legally!

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 since November 2016!

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

Can Bankruptcy Stop Collection Agencies From Calling?

Check out this article (and more!) at https://www.infotapes.com/Articles. The answer is YES.

Yes. You can stop creditors from calling you without filing a bankruptcy. Just say “Oh, I’m glad you called, where can I send payment in full?”

If you can’t send payment in full, start sending partial payments, and they’ll stop calling.

If paying the creditor who is calling, you isn’t in your budget, you can also say “Don’t call me, I can’t pay you, you can sue me but don’t call me.” They may or may not file a lawsuit against you.

If Geraci Law files your Chapter 7, or Chapter 13 repayment plan, we provide you with your bankruptcy case #. You then give it to anyone who calls you, and you won’t hear from them again. Make sure you ask who is calling and who they represent, so you make sure they are listed on your bankruptcy petition.

If you are planning on filing a bankruptcy with Geraci Law, Keep a pen and paper to take down information on who is calling you, if they are a collection agency or the actual creditor, and the account #, because you want to make sure you list them on your bankruptcy petition. Unlisted creditors don’t get discharged, so listing all creditors you have is important.

Or worse, someone has filed a lawsuit against you or your check is being garnished. You should immediately call us to start your case. A chapter 7 can eliminate your debt or a chapter 13 will consolidate your debt into a payment you can afford. Both Chapter 7 and Chapter 13 stop collection and lawsuits.

Is your mortgage or rent always late? Other payments are behind a month or more? All because you lost your income? You probably qualify for bankruptcy protection and need a fresh start to get rid of debt and start over.

What about savings? Do you have any? Are your balances not going down even though you make payments. Are you being turned down for credit? Many people file bankruptcy to help build savings. Watch our video on credit scores. You will learn that studies show bankruptcy will actually increase your credit score and that people who file bankruptcy are likely to have better future financial success. Why? Because they got rid of their debt and started over.

Are you concerned you have assets and cannot file a bankruptcy? Most people with assets can still file a bankruptcy to eliminate their debts. Think you make too much money to get rid of your debt? Chapter 13 gives you interest free repayments on your debt. Better yet, if your creditor doesn’t file a claim in your case you will receive a discharge without repaying them.

Let’s do a hypothetical: Bill and Sally have been married for 20 years. Bill recently lost his job in middle management, and is now working at half his former salary, driving a limousine. Sally had an operation, and since there was no insurance, owes $8,000 in unpaid medical bills. To supplement Bill’s income, they have been using credit cards to pay for groceries and other expenses because Sally needed 8 weeks to recover from her operation. The balances on the credit cards are now $5000, because they used the cards to supplement their lost income. Sally returned to work, but because of the medical bills and increased credit card balances, They can’t afford the credit card payments anymore. They want to know, do I qualify for bankruptcy.

Answer: Of course. Bill and Sally were hit with some bad luck. Bill lost his position in middle management and Sally’s operation forced her out of work for a month. A bankruptcy, either chapter 7 or 13, would benefit Bill and Sally because it will get rid of all their unsecured debt and they will be able to start saving now that Sally is back to work.

Does any of this sound familiar? If it does, call right now to get your options.

But let’s do one more. Same situation with Bill and Sally, but this time Bill and Sally are 6 months behind on the house. Bill and Sally received foreclosure paperwork and now they need to save the house.

Answer: Chapter 13 will stop the foreclosure and let Bill and Sally repay the past due amounts over time. Better yet, the unsecured debts will be paid interest fee. When the plan is complete Bill and Sally will likely have improved credit for making timely payment in their chapter 13, a MUCH BETTER budget, and no debt.

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

Geraci Law – Chicago Ashland & Jackson

Geraci Law office located at 234 South Ashland, Chicago, IL 60607 at the southwest corner of Ashland & Jackson. We’re are RIGHT across the street from Rush Hospital.

The office is easy to get to for anyone living in the Chicago West Loop neighborhood, right near Teamster City. If you live in Chicagoland, getting to the Geraci Law Ashland office is hassle-free and easy!

You can schedule to meet us in person at the Ashland office. There’s plenty of street parking and easy access for anyone working at Rush Hospital. Geraci Law is located next to the Mexican Consulate!

Check out our office before the renovation!

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

Consumer Debt is $15.6 TRILLION!

Check out the article posted at CNBC titled, “Consumer debt totals $15.6 trillion in 2021, a record-breaking increase,” @ Consumer Debt.

It’s mortgage debt, car debt and credit card debt. Take a look at your finances, are you struggling to pay OFF minimums? Break the cycle of paying the minimum payments only to use the credit again because your cash is gone.

Inflation is hitting everyone’s budget, interest rates on said minimum payments will most likely INCREASE later this year. Filing a bankruptcy can help YOU gain control back of your finances.

The best thing about Geraci Law – we will give you our best opinion. If bankruptcy makes sense, we’ll work WITH you to accomplish your goals. If bankruptcy is not your best option, we’ll help you come up with other options if we can. It’s as simple as a phone call.

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

When Should I File For Bankruptcy?

The real question is, when you get in a situation where you can’t pay your bills, when should you eliminate or consolidate.

Read Chapter 5 of Attorney Peter Francis Geraci’s “Complete Book on Bankruptcy” below or at https://www.bankruptcybookbypeterfrancisgeraci.com/

The main causes are:

1. Financing lifestyle Buying things on credit can get out of hand

2. Failure to get raises Bills go up, but salary doesn’t. That is pretty common.

3. Illness When you’re ill, you can pay your bills

4. Bad luck Accidents, floods, fires, theft

5. Job loss Getting rehired often means taking a pay cut, now days

6. Gambling Yes, it’s a major cause of filing bankruptcy

7. Family Many solid working people are paying for family members debts

The real question is, when you get in a situation where you can’t pay your bills, when should you eliminate or consolidate. The answer is:

A. Before you spend your pension. The first thing many people do to pay bills is take a 401K loan or draw down their pension. Do NOT do that, because creditors cannot touch your 401K or pension. Bankruptcy laws protect your pension and 401K. No one can touch it. File before you think of using retirement funds to pay creditors.

B. When you lose a good job. There is an income test for Chapter 7. So if you lose a 100K a year job, why pay the credit cards unless you are going back to work right away. If you’re not back to work in 4 months, you might qualify for Chapter 7. But if you wait until you go back to work, you might not qualify, because now you make more than the median income, and your only remedy is Chapter 13 debt repayment, based on your income.

C. If illness and unpaid medical bills are your problem, wait until you are better, or have insurance before using up your right to file Chapter 7. If you are working and have ongoing medical that is unpaid, often Chapter 13 is a good idea, because it keeps your Chapter 7 option open.

D. If you simply aren’t making enough money, you should take my debtor education course, get out of debt, and learn how to budget. It just may be impossible to pay your debt on the salary you are making.

E. Don’t consider bankruptcy unless you can eliminate at least $10,000 in debt. It is just dumb to file any bankruptcy because you have a lawsuit for $4000. Settle it yourself. Save your bankruptcy for a real disaster.

***If three or more of the following apply to you, you should see a bankruptcy lawyer now.

***If more than 5 of the following apply to you, you should have already seen us 3 months ago!!!

_____My debt is over $10,000 not including a car or house.

_____My payments are over 25% of my take home pay.

_____I am frequently late on my payments.

_____I pay 20% interest on my debt.

_____I buy necessary items like food or clothing on credit.

_____I frequently get cash advances.

_____I am thinking about getting a loan to pay other loans.

_____ I have a lawsuit and over $10,000 in other debt I can eliminate.

_____Collection agencies are calling me.

_____I am “robbing Peter to pay Paul.”

_____My balances are not going down even though I make payments.

_____I have been turned down for more credit.

_____Payments are more than 1 month behind on more than one bill.

_____My driver’s license is suspended because of an accident.

_____I am working but paying other debts so I can’t afford car insurance.

_____My mortgage or rent is always late, or is behind.

_____We are getting divorced and have too many bills to pay.

_____I have medical bills over $20,000 that are not insured.

_____There is a garnishment or wage assignment on my check.

_____I owe income taxes I can’t pay now.

_____My car is worth much less than I owe.

_____I have no savings.

If none of these apply to you, congratulations!! You are living the American Dream.PREVIOUS NEXT

In Person Appointments

Many of our physical locations offer same day or next day meetings with Geraci Law experienced attorneys.

In June 2020, Geraci Law opened the doors again to help clients meet us in person. Since Geraci Law stayed open ready to help meet you face to face (mask to mask).

Many law firms do not offer an in person meeting, many bankruptcy attorneys do not have a physical office – Geraci Law does. Many of our physical locations offer same day or next day meetings with Geraci Law experienced attorneys.

Geraci Law are friendly, fast and efficient, we’ll accommodate you with a virtual appointment or happy to see you at our local offices. Best part? You can schedule online or by phone. Check us out at https://www.infotapes.com/Bankruptcy/OfficeLocator

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

Geraci Law is OPEN in South Bend

Geraci is open in South Bend and ready to help YOU with your debt! We’re located at 1251 N. Eddy Street in Suite 200 inside the Eddy Street Commons Building directly across from Starbuck’s. The entrance is between TIAA and O’Rourke’s Public House.

You can schedule online @ https://www.infotapes.com/Bankruptcy/OfficeLocator or give us a call. We can meet you in person, we can meet virtually – whatever is easiest for YOU!

Check out PFG in South Bend @ https://fb.watch/aKFXn9Poxe/

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

Did you know about Geraci Law?

Geraci Law is a well-established Law firm. It was founded as a solo practice by prominent consumer bankruptcy and trial attorney Peter Francis Geraci in October 1977. Geraci Law operated as a sole proprietorship until 2009; growing from one attorney in a 15 x 20’ office to a multistate law firm with over 50 attorneys.

Geraci Law is one of the largest consumer bankruptcy firms in the country, with over 10,000 clients a year retaining the firm for consumer bankruptcy cases in Florida, Illinois, Indiana, and Wisconsin. Each year, Geraci Law is hired to consolidate or eliminate over $1.2 billion in debt.

Other fun facts:

The mission statement is, “All attorneys and staff subscribe to the firm’s mission statement, which may be summarized as, “Nice people doing nice things for nice people”
Many Geraci Law staff are charitably oriented, running marathons, participating in cancer and mental health charities, as do Mr. and Mrs. Geraci.
Geraci is certified by the Illinois Supreme Court CLE (Continuing Legal Education) as a provider.
At Geraci Law, you always have direct access to your attorney and paralegal team. No call centers, no leaving a message on a machine. Everyone you interact with is a Geraci Law employee.
It’s one of the many reasons we are the most reviewed bankruptcy law firm in the country. Over 40 years in business, over 200,000 clients served, and more than 30,000 5-star or positive bankruptcy attorney reviews.

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

Phony Websites posing as Bankruptcy Attorneys selling your information

Beware of “no name” “lead generation websites when search for Bankruptcy Attorney

You can read this article and more @ https://www.infotapes.com/Articles.

Any number of websites run by people who are NOT lawyers, are trolling for bankruptcy case leads to sell to unknown lawyers. “Lead generation” is when someone who could not get into law school, or didn’t want to, pays $15 for a name like http://www.wannafilebankruptcy.com, or http://www.needtofilebankruptcy.com, or http://www.greatbankruptcylawyers.com” or “bankruptcyrelief”, and makes it look like you are dealing with a bankruptcy attorney. You are not. You are giving your information to some unknown website. Almost always, the owner of the website is hidden. Some websites like this even use the ‘.org” extension, to make it look like they are a charitable organization.

So, the unsuspecting consumer, instead of landing on the website of a real live law firm or attorney that concentrates in bankruptcy, gives their info to a “lead generation” website, that promises to “connect them with a great bankruptcy attorney with lots of experience” or some such puffery. On top of it, this website may sell your information to some unknown attorney, or even more than one.

What happens next? You will get texts or calls from another person you have never heard of, who most likely will, again, NOT be an attorney, or even working for an attorney. It will be from a boiler room answering service trying to “set an appointment” to discuss debt relief. Again, with some law firm who is paying the “lead generation” website for “leads”. The leads are your information this caller wants from you.

Next, you may get an “appointment” with this “bankruptcy law firm or lawyer” who bought your “lead”. But it most likely will NOT be with an attorney. Are you already tired of this? If not, the “appointment” will be with another non-attorney person, possibly an actual employee of the attorney or law firm who paid for your “lead”. They will then tell you that the lawyer they work for can represent you, get money from you, and you will, if you pay them $2000 or so on the internet. Or worse yet, get involved in a Chapter 13 for the next 3-5 years with some unknown person who “bought your lead”. An example of this type of “lead gen” ethics is set forth in the opinions on Recovery Law Group, owned by Wajda ohttps://www.scb.uscourts.gov/sites/default/files/opinions/Judge%20Burris/opn_85_20-03190_637737785894285410.pdf and Upright Law, owned by a Michigan lawyer named Deighan https://www.justice.gov/opa/pr/national-consumer-bankruptcy-law-firm-agrees-pay-more-300000-relief-consumers-and-six-year The judges involved were quite direct in their criticism of these “internet wonders”.

Here’s what the South Carolina judge said about Nicholas Wajda and his Recovery Law Group:

“Recovery Law advertises itself on the internet as a business having offices located throughout the United States, including South Carolina. Recovery Law’s website lists its local address as 1014 Raleigh Ridge, Fort Mill, which is an apartment building. It is a domestic corporation formed in Nevada and is not registered to do business in South Carolina. South Carolina is one of the locations listed on Recovery Law’s website with the option to connect with a “local bankruptcy expert.” You can read the sad tale of a mishandled bankruptcy and Judge Green’s referral to the state attorney disciplinary commission, for yourself.

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

Debt Settlement and Debt Consolidation vs. Bankruptcy

Is bankruptcy a better option for managing debt?

Debt settlement and debt consolidation rarely work in favor of consumers. There is no guarantee that they will work. So how does it work? Basically, debt settlement and consolidation companies have you pay them to settle your debts for you.

They have no special bargaining powers or authority to make your creditors settle. If a creditor does not want to settle, they can simply refuse, keep charging you late fees and interest, while you keep paying the settlement company to basically do nothing.

Bankruptcy gives you protection under the law. After your case is filed, the Federal Bankruptcy Court issues an Automatic Stay, which grants automatic and immediate protection from your creditors. From there on out, your debts are handled under court supervision and creditors cannot continue to charge late fees or interest.

Liz Weston from NerdWallet wrote a great article detailing why debt settlement and debt consolidation are BAD alternatives to bankruptcy, how they hurt you more in the long term.

The article is a few years old but still applies, check it out @ https://www.southbendtribune.com/story/business/2017/08/30/debt-settlement-a-bad-alternative-to-bankruptcy/46331397/

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

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Is bankruptcy a better option for managing debt?

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