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

Geraci Law staff thanks the service of current military, veterans and military families. There is a tremendous amount of sacrifice to serve in the armed forces for the soldier and family. We want to help you as you helped us.

THANK YOU.

Geraci Law Veterans and Family Members:

• Attorney Frank Hernandez served with the United States Army. He has 10 years of service in the ILANG, dual positions – military intelligence and infantry. He has worked for Geraci Law for 21 years and is a partner of personal injury firm Geraci, Arreola, Hernandez. You can visit Attorney Hernandez for bankruptcy and injury consultations at the Berwyn (6537 W Cermak) and 63^rd Street (4401 W 63^rd) offices.
• Attorney Juan Villalpando served with the United States Navy stationed out of Norfolk, VA. He has worked for Geraci Law for 10 years. You can visit Attorney Villalpando for a bankruptcy consultation at the Tinley Park (171055 S Harlem) or Cottage Grove (8638 S Cottage Grove).
• Attorney Salvador Gutierrez served with the United States Army Reserve. He was with the 244^th Aviation Group out of Glenview Navy Air Base. He has worked for Geraci Law for six years. You can visit Attorney Gutierrez at Calumet City office located inside the River Oaks Mall.
• Anna Morowczynski born into military family in 1979 in Fort Hood, Texas. Her father was Military Police and mother was a Signal Corp Officer. She has worked for Geraci Law for 7 years as a supervising paralegal and administrator. 

Geraci Law wishes all mom’s a happy (belated) Mother’s Day. Having children is a wonderful gift but financially stressful. No one knows this better than Geraci Law.

When you have debt and kids, there never seems to be enough to go around. You pay the minimums but the balance doesn’t get anywhere. You purchase clothing and your kid’s grow out it. You always seem to be…behind.

Filing a bankruptcy could be the solution. By eliminating the debt, you free up your income to pay for food, new cloths, maybe start a savings account. You give your family some much needed relief. I hope all mom’s enjoyed the day. We appreciate you.

There are many ways to “lose” a car. Filing a bankruptcy fortunately is not one of them. A bankruptcy will protect your vehicle. So instead of hiding your vehicle in a garage, come and meet with a Geraci Law.

A bankruptcy will STOP:

• Car repossessions
• Parking ticket impoundment
• Boots
• Over financing on vehicles over 910 days old

If you are struggling with your car note, call us! We can help. If the car has already been repossessed, you will probably owe a balance. Bankruptcy can help with that too. Geraci Law can find you the solution to the problem.

Can bankruptcy help with student loan debt? It’s a very common question and unfortunately the answer is simply no. Web sites and advice from non-attorneys or inexperienced attorneys will tell you if you file a bankruptcy and receive Social Security the student loan debt will go away. If you have an attorney telling you otherwise, I would run the other way.

What you can do if you are disabled and owe student loans – is apply for an total and permanently disabled discharge (TPD). You discharge your student loans and then file for a bankruptcy to deal with the rest of your debt. A Chapter 7 bankruptcy could be a great relief after handling the student loans.

You can apply by visiting http://www.disabilitydischarge.com/Home/.

Many wonder what a bankruptcy can help with. The answer is your debt! Filing with an experienced bankruptcy attorney will solve most financial problems. Things such as:

• Parking tickets
• Car repossessions
• Utility bills
• Money owed to banks
• PayDay loans

If creditors are calling, you’re losing sleep and you cannot figure out whom or how you are going to pay this month, Geraci Law can help.

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.

 

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.

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

 

 

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.