What clients say about us:
I would like to say. You have been one of the nicest, most upstanding person I have ever met when people are down and at their lowest you sure do understand what it means to be there. I want to thank you for everything you and your office has done for me. You all have made a very hard time in my life easier. I have spoken highly of you to many people and given out your business cards. I will definitely do the things that you have asked me to do. Thanks again from the bottom of my heart. Lisa -Portgage, IN
I’m a low income single mother of four children. I messed up my credit not knowing the importance of it. I inquired Peter Francis because of the constant advertising of the firm. Lawyer Jason Shimotake was very pleasant and let me make a very affordable down payment…trust me when I say these guys are great. If you can’t make your payment this firm will happily work with you. Talk about professionalism? I mean I felt like I already paid in full because I was treated as such. Starlette – Chicago, IL
Nice Things Geraci Law Staff does:
Geraci Law attorney Mario Arreola reports: A client signed up to file a Chapter 13 to prevent the City of Chicago from suspending her license for parking tickets. She had planned on going to one of our main competitors, but former co-workers from USPS told her no – go to Geraci Law instead! I also showed her a typical Chapter 13 plan from this other firm. This firm has a reputation for filing Chapter 13 plans with a low initial payment, then increasing the payment after filing because the plan is underfunded. I told her to let me know who the co-workers are and will give her credit for a discount.
She said, “Praise the Lord for PFG and her friends who referred her.” Little by little, the tide is turning against sub-par bankruptcy firms; their reputation will suffer as more people find out about their shabby work and misleading sales tactics. We file Chapter 13 plans that are designed to succeed, instead of plans that are doomed to fail.
Geraci Law paralegal Haddassah Mendoza reports: I helped a Spanish speaking client to his 341 Meeting of Creditors. He’s a bipolar Spanish speaking client. I’ve spoken to him many times and he’s had good days and bad days. I was concerned he would be nervous and scared. Those normal fears could be exacerbated by his condition and not understanding the language without someone to translate. I know the court has an official translator at the 341, but our clients have questions from the moment they get off the elevator. Waiting can be very difficult and lonely. They don’t know what to expect, they especially worry about feeling shamed about filing. I also knew he didn’t have anyone going with him. It felt great to be there for him; ease his fears, talk him through what was going on.
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!
Geraci Law Attorney Jonathan Parker received the following from a former client who filed Chapter 7 bankruptcy with a different law firm.
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.
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.
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.
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!
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.