Chapter 3 – What Causes People to Need to File Bankruptcy

An excerpt from Attorney Peter Francis Geraci’s “The Complete Book on Bankruptcy.”

Chapter 3 – What Causes People to Need to File Bankruptcy

Below is an excerpt from Attorney Peter Francis Geraci’s “The Complete Book On Bankruptcy.”  You can read the rest of the book online at https://www.bankruptcybookbypeterfrancisgeraci.com/.

If you need help or have questions – our experienced staff is ready to help. 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 25,000 5-star reviews 5starsince November 2016!

CHAPTER #3 WHAT CAUSES PEOPLE TO NEED TO FILE BANKRUPTCY

This is an easy one. Because most stuff other than bankruptcy is fraudulent. That means someone somewhere, on the internet, or maybe in Russia, or maybe your own bank, wants your money, and will say anything to get it.

1. “bill consolidation” is usually a fraud scheme There is no way to “consolidate” all your bills into one lower payment you can afford, pay your vehicles and mortgage and tax debt first, and stop every single creditor from bothering you, adding late charges, or suing you. No way. None. Nada. Except for Chapter 13 bankruptcy. Oh, there’s that word again “bankruptcy.”

2. “Loan modification” Fraud schemes like “Legal Helpers Loan Modification” just stole people’s money and disappeared with millions. Banks usually string you along for months and lose your paperwork, making things worse. Then all they do is take your 30 year loan and turn it into a 40 year loan to “get” you a lower payment. Great, now you’ll die before you pay them off and they’ll get your house back after collection mostly interest payments.

3. “Credit Counseling” Possibly the worst fraud. Some of them pose as law firms. Some are “lawyers” who really should be in jail. Being a lawyer makes them try to take as much as the first year’s payments up front as fees”. They usually last a year before getting indicted and put out of business.

4. “Debt settlement” Definitely the worst. Run, do not walk, as fast as you can from these skunks. Legal Helpers Debt Resolution” and others stole $50 million or more and faded into the night. Their imitators are still around, and so are the lawyers involved. They only lost their law licenses for a couple years. Nice payday on your money!

All these schemes play on your guilty, embarrassment and confusion. They can’t stop late fees, repossessions, lawsuits, foreclosures, license suspension, or anything else. So, beware of “bill consolidation, mortgage modifiers, debt settlement and credit counseling”. We usually see folks who have paid $3,000 to $5,000 to bill consolidators, and have nothing to show to it, when they could have filed Chapter 7 or 13 and really solved their problems and gotten a true fresh start.

Bankruptcy is very predictable. Everything is in writing, and while there are a lot of stupid lawyers who do lose $3000 or $5000 of their client’s money in Chapter 7’s, and take Chapter 13 cases that fail quickly after they get paid, Geraci Law does not engage in shady practices. So why pay the same, and not get the name? Ask your friends and family, and even your boss at work. Chances are they’ll say, “talk to Geraci Law.”

Geraci Law Reviews

Clients love Geraci Law – read some REAL reviews.

Geraci Law Reviews

MELAttorney Mark Levine

I am a repeat Geraci Law client and I would absolutely recommend them to anyone! I came back after 10 years and was able to see my same attorney Mark Levine which made me very happy. Geraci & Mark provide excellent service. They are punctual and polite and professional and they are always attentive to our questions. They have answers for whatever questions we have. Definitely recommended!

 

MEGAttorney Megan Hayes

I wanted to say thank you to Meg and Marc. Since I sat down with Marc originally, he took the time and effort to really treat me like I was his own brother. He was really passionate about helping me. Both Marc and Meg helped me get my life back on track. No one communicates like they do. They are on point. They make sure I don’t forget about anything. With everyone busy these days, it’s truly comforting to have a company who cares that you are on track with your future. You are all very personal and I thank you for that!

 

MAAAttorney Marc Affolter

Since I sat down with Marc originally, he took the time and effort to really treat me like I was his own brother. He was really passionate about helping me. Both Marc and Meg helped me get my life back on track. No one communicates like they do. They are on point. They make sure I don’t forget about anything. With everyone busy these days, it’s truly comforting to have a company who cares that you are on track with your future. You are all very personal and I think you for that!

 

KUL

Attorney Christine Kuhlman 

I had put off contacting a bankruptcy attorney out of fear of the process and the unknown. I didn’t want bankruptcy to turn my life upside down. At the same time, I was constantly stressed about my debt and whether I was on the verge of having my life turned upside down because of my inability to pay creditors.
After my initial phone call to Geraci Law I was contacted by Attorney Christine Kuhlman and we scheduled a video call. Inside of mere minutes of our call I felt confident that I was in good hands. My nerves settled down as Attorney Kuhlman explained the process and answered my questions. I followed her instructions as we stepped through the process. I was pleasantly surprised at how quickly things moved along. It became clear that bankruptcy wasn’t going to be some long, seemingly endless process that I feared. I felt empowered.
The Client Corner proved to be an excellent tool through which documents were provided and exchanged. Keeping track of what I completed and needed to complete next was easy and effortless on my end. At no point did I feel that my case had fallen aside. It seemed that Attorney Kuhlman handled my case in the same manner that she would handle her own. Now that my case is ready to file (a mere week after first contact) I can stop wasting energy worrying about my financial future as though it were a lost cause. I feel that I have a large part of my life back.
Thank you Attorney Kuhlman and Geraci Law!

Geraci Law Virtual Meetings

Geraci Law is handling meetings remotely. We make the process hassle-free. You do not need a computer – a cell phone will work for a virtual consultation!

Geraci Law Virtual Meetings

Geraci Law is working remotely and ready to help! Below are attorney meetings being conducted remotely. You do NOT need a computer to do a video meeting! A cell phone with a web camera works great.

If you schedule an appointment, we send you a link. All you have to do is click on the link to open up the FREE consultation with an experienced Geraci Law attorney. It’s really that easy.

Geraci Law Milwaukee & Racine Wisconsin Attorneys from the top, right to left – Attorney Rob Brynjelsen, Attorney Ann Kramer, Attorney Felicia Petroff, Attorney Kathryn MacKenzie, Attorney Andy Golanowski, Attorney Brent Berning, Attorney Joseph Blaha, Attorney Abraham Pinon, Attorney Robert Crowley, Attorney Peter Francis Geraci, Attorney Lisa Ellmaurer

EDWI Attorneys

Geraci Law Indianapolis & Muncie Indiana Attorneys  from the top, right to left – Attorney Rob Brynjelsen, Attorney Erik Dickinson, Attorney Lacey Faul, Attorney Bridget Spears, Attorney Robert (Bob) Fine, Attorney Peter Francis Geraci, Attorney Anthony Shull, Attorney Chad Garrapy, Attorney Patrick McNulty

SDIN Attorneys

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 25,000 5-star reviews 5starsince November 2016!

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

 

Unemployed with Debt – What to Do?

If you are unemployed with debt – you should consult an attorney with Geraci Law.

Unemployed with Debt – What to Do?

We are all struggling to figure out existence in this new world. Trying to balance budgets, E-Learning and making sure we have enough hand sanitizer. With the LOSS of income, everything becomes MORE strained.  Not to mention worrying about making the next minimum credit card payment.

Over 33 million Americans are out of work since the start of the pandemic. That number most likely will not decrease but rather increase. When you have debt and you are unemployed – what do you do?

The answer may or may not be bankruptcy. If you have debt – the BEST decision you can make is to call Geraci Law to consult about your financial situation. Our experienced attorneys and staff can help you figure out what to do about the bills. Geraci Law not only has FREE phone consultations, we also have FREE video meetings with our attorneys.

Consider your options. Consider your expenses. Job loss is scary. Filing for bankruptcy with Geraci Law is NOT scary. If we have a solution to your problem, we’ll let you know. If we cannot help you we’ll let you know that too. Talking is important – give us a call at 800 CALL PFG.

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 25,000 5-star reviews 5starsince November 2016!

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

Geraci Law Reviews

Geraci Law clients do not say they filed bankruptcy – they filed THANKRUPTCY!

Geraci Law Reviews

LAV

Attorney Lavita Ball, Merrillville Office

“I had a wonderful time filing bankruptcy (who says that lol). Rodney and Lavita eased my fears and answered all my questions. They were very patient with me and we laughed the whole time I was there. The process wasn’t as intimidating as I initially thought. These 2 are KEEPERS!! Thanks for making this experience a good one for me. HIGHLY RECOMMENDED!!”

MOKAttorney Wylie Mok, North Chicago Office

“I love this firm, it’s the best thing since ice cream. Wylie at the Cicero office was patient when I was going through some issues and he exceeded all my expectations. It gives me great pleasure to commend Geraci Law for their service. Wylie is a true professional. On a scale of 1 to 10, I would give Wylie a 12. He took away all the drama, stress, and sleepless nights away and did it all with a smile.”

SJGAttorney Scott Greenwood, Gurnee Office

“Scott was patient with me and very knowledgeable. I was so nervous when I came in and Scott told me I didn’t have to be. That the hardest part is making the appointment and coming in. He was right! Thanks Peter Francis Geraci!”

 

FELAttorney Felicia Petroff, Milwaukee Office

“Felicia was very straight forward, compassionate and honest with me from the beginning. She explained everything so I would know what to expect through the entire process. She never came across as judgmental and was sensitive to my circumstances. I also worked with Abe when it came time to fill out all my paperwork and get everything ready to actually file my bankruptcy. He was great to work with, he answered all my questions and made sure I understood everything that was going to happen leading up to my 341 meeting. I would recommend Geraci Law and their great team of attorney’s to anyone looking to file bankruptcy.”

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 25,000 5-star reviews 5starsince November 2016!

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

Geraci Law Evergreen Park

Geraci Law Evergreen Park has an updated look! Give us a call to talk about your bankruptcy options at 800 CALL PFG.

Geraci Law is located at 3560 W 95th Street in Evergreen Park. We’re approximately two minutes west of Western Avenue at the north side of 95th and Central Park Avenue.  There’s a HUGE parking lot available so you do not need to worry about parking.

We updated the outside of Evergreen Park so it’s EASY to see from the street. Currently we are only meeting with clients via video and phone. In the future, we would love to see you in person on 95th. Until then, stay safe!

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 25,000 5-star reviews 5starsince November 2016!

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

 

Help with Application for Unemployment

Geraci Law wants to provide resources during COVID-19 uncertainty. There’s an APP that helps streamline the unemployment process.

Long hold times are wreaking havoc for people waiting to apply for unemployment benefits. You could wait HOURS before you are able to begin the application process. Geraci Law wants to provide everyone resources to provide clarity during these uncertain times.

An app called “Do Not Pay” is available on IPhones and Androids as a free download. “Do Not Pay” is an app that can help expedite applying for unemployment. This service is free to use.

To apply for unemployment, you will need:

  • Your Social Security number
  • Copy of your Driver’s License or State ID
  • Paycheck stub or W2 from your LAST employer
  • Last employer’s supervisor name
  • Reason for reduced hours or unemployment claim
  • Bank account and routing number
  • The name, how long and the hourly wage from ALL employers in the last 18 months.

The Today Show featured “Do Not Pay” as part of its segments.  You can watch the segment by clicking the link here.

You can check out more useful COVID resources from Geraci Law by clicking the link below:

https://www.infotapes.com/Links#Covid1

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 25,000 5-star reviews 5starsince November 2016!

Read ALL ABOUT DEBT RELIEF at www.bankruptcybookbypeterfrancisgeraci.com