This Fourth – Be DEBT Free!

Happy Fourth of July from Geraci Law! If you want to be debt free – give us a call to review your options!

This Fourth – Be DEBT Free!

Let this be your year to be free of debt. We’re here for you. If you are thinking about debt or finances over the long weekend – check out our web site. There’s a tremendous amount of information and options.

Want to talk? We’re here at 800 CALL PFG.

Want to meet with an attorney? Schedule ONLINE https://www.infotapes.com/Bankruptcy/OfficeLocator

 

2019 IRS Tax Deadline is 7/15!

An excerpt from Attorney Peter Francis Geraci’s “The Complete Book on Bankruptcy.” Learn more about IRS tax debt and bankruptcy!

2019 IRS Tax Deadline is 7/15!

With COVID-19, many people may have forgotten about the other 19. That’s your 2019 tax returns! The IRS tax filing deadline is just about 2 weeks away. Filing your tax returns on time is important. Did you know sometimes you can eliminate tax debt with a bankruptcy?

Below is an excerpt from Attorney Peter Francis Geraci’s Complete Book on Bankruptcy.It’s too soon for 2019 taxes to be eliminated but if you have older tax debt, call us. We do a FREE consultation to see if bankruptcy could be a solution.

Chapter 33 – Can I Get Rid of Taxes?

Sometimes, if they are income taxes, you filed a truthful return on time, you just owed the tax and could not pay it, and more than 3 years have passed since the return was due (usually April 15 following the tax year), and the taxes have been assessed and more than 240 days have passed…

There are so many different kinds of taxes and the law is so complicated, that the best answer is: sometimes. Bankruptcy is about the only law more powerful than the IRS. Usually, only income taxes can be discharged. Sales or withholding tax cannot.

In order for income taxes to be dischargeable, you must have

  1. filed your return on time, and
  2. the date you filed your return must be more than 3 years ago. (April 15 is due date but can be April 16 or 18 because of weekends some years)

If your return was filed late, you need only wait two years after it was filed to have your income taxes eligible for discharge. If you didn’t file a return, your income taxes are not eligible for discharge.

If your income taxes do not fall under the above time periods, or if you did not file a return, you may be eligible to force a repayment plan on the IRS, if you have sufficient regular income, by proposing a Chapter 13 Debt Repayment Plan. In a Chapter 13, you can pay past due income taxes over as long as 5 years, with no further interest or penalty, in most cases, and the IRS cannot take collection action during the Chapter 13 Plan. Of course, you must pay any future income taxes on time, and you must file any tax returns not previously filed, as a condition of having your Chapter 13 approved.

There are many other kinds of taxes, and special rules apply to all of them. I make no guarantee that any tax is dischargeable, because of the complexity of the rules, and the policy of not making most taxes dischargeable. We list them on the petition, however, notify the IRS and proper governmental entities, and then if the tax is not discharged, it is possible to work out a repayment plan based on your bankruptcy budget which we prepare.

Problem: Donald and Regina filed their 1982 and 1983 returns on time, but didn’t have the money to pay the $4500 tax due on Donald’s part time job, and Regina’s unemployment money. They also owe $9,000 in unsecured credit. Now they are both working full time, but there is an IRS levy taking 80% on Donald’s check.

The Peter Francis Geraci Chapter 7 or 13 Solution: It appears that they can start fresh with no debt by filing a Chapter 7. Or, they can pay their debt over as long as 60 months, and their payment will be about $250 per month, including all costs.

Note: Unpaid income taxes can build up interest and penalties rapidly, so Chapter 13 cases are great for many tax debts.

Trust fund taxes, such as employee withholding amounts that were never paid to the government, are not dischargeable, although they can be paid back in full in a Chapter 13.

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.

If Not Now, When?

Make the first step to improve your financial future. Simple as 800 CALL PFG!

Make this year be the year you become debt free. Geraci Law offers FREE consultations – we can meet with you via video at a local office.

If you have more than $5,000 of debt in any or all of these categories, Geraci Law can probably help you:

Lawsuits • Garnishments • Wage Deductions • Foreclosures • Sheriff Sales • Mortgage Behind • Tax Debt • Credit Cards • Medical Debt • Car payment behind • Repossessions • Parking Tickets • Suspended License • Gas or Electric Shutoffs • Bill Collector Calls • Payday Loans • Cash advance problems • Car payment behind • Chicago Parking Tickets

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.

Don’t Be Embarrassed, Nervous or Afraid

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

Don’t Be Embarrassed, Nervous or Afraid

No one talks about money. They talk about everything else, but in America, money is a guilty secret. So the first thing you have to realize is that almost 1 million people a year file bankruptcy. That’s right. It’s real common.

Read more @ https://www.bankruptcybookbypeterfrancisgeraci.com

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.

When Should I File For Bankruptcy?

Is now the time to file for bankruptcy? Take our free survey, call us if you need debt help!

When Should I File for Bankruptcy?

Take the FREE survey below. To find out if NOW is the time to get out of debt. If more than 3 apply to you, call us at 800 CALL PFG (800.225.5734)!

When Should I File for 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.

Bless All Who Enter Geraci Law

Geraci Law is here to help find a debt solution – need help? It’s as simple as 800 CALL PFG.

Bless All Who Enter Geraci Law

Did you know that Biblical Law and Bankruptcy Law are similar? Both bankruptcy laws, the Bible agree and Geraci Law agree, you should not owe debt forever.

Owing money you cannot pay is not a good thing. Debt relief is! Filing a Chapter 7 or Chapter 13 with Geraci Law can give you RELIEF from your financial burden. You’ll say Hallelujah!

“At the end of every seven years you shall grant a release of debts. And this is the form of the release: Every creditor who has lent anything to his neighbor shall release it; he shall not require it of his neighbor or his brother, because it is called the LORD’s release” (Deuteronomy 15:1-2).

Geraci Law helped a woman file a Chapter 7 bankruptcy after a bad divorce. She was burdened by high interest rates and creditors calling. After a successful Chapter 7 bankruptcy with Geraci Law, she returned with a large pizza and a thank you for her attorney.

She said she spent a lot of time thinking about what Bible passage would be applicable to her experience with Geraci Law. The woman decided on Isaiah 55:12, “Bless all who enter here you will go out with joy and be led forth with peace.” She framed it for Geraci Law.

Her review of Geraci Law said, “Geraci Law, you are the GREATEST! Geraci Law saves me all the time from ruins. Now my kid can go back to college. Thanks for everybody, great appreciation to the GREATEST LAWYER THAT MADE IT HAPPENED, GERACI LAW FIRM IS THE BEST!!!”

June2

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.

Chapter 7 – What Happens to My Credit Score if I File Bankruptcy?

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

CHAPTER #7 What happens to my credit score if I file bankruptcy?

Strangely, it usually goes up. Most of our clients have a credit score of below 600. Four months after filing Chapter 7, you should receive a discharge. You then have a creditor report that shows way less debt, and that you received a Chapter 7 discharge. If you are working, now you are not under pressure to pay bills you cannot pay, and can start saving. You also cannot file Chapter 7 for another 8 years, or in a Chapter 13 for another 4 years. So the lenders think you are a pretty good risk for lending, since you have little debt, and no ability to file bankruptcy, and a job. Your credit score can go up as much as 100 points.

If you had a credit score of 700 or more, and filed bankruptcy, it was a phony score, since you were overloaded with debt. Even so, after a Chapter 7 discharge, it may not change much, or it may go back up.

Regardless of credit score, after you receive a Chapter 7 or 13 discharge, you will find yourself able to buy a vehicle or house if you have the right job and down payment. The key is to save up a down payment, and not get overloaded again.

Take our Debtor Education Course taught by attorney Peter Francis Geraci as soon as you file for either Chapter 7 or 13. Or even before filing for $25. It will help you understand how to raise your credit score.

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!

Geraci Law Reviews

Real reviews from real clients about their Geraci Law bankruptcy experience.

Geraci Law Reviews

Attorney Lizette Villegas, Geraci Law Chicago, Illinois Office LIZ-Square---High-Res

“My experience with the Geraci Legal family has been nothing short of remarkable. Attorney Lizette (Liz) Villegas has demonstrated the highest levels of professional demeanor, ethics, empathy and a simply great level of attention to detail, flexibility and patience. For my partner Julie and myself, we are grateful for her assistance. ”

CDSAttorney Cecil Scruggs, Geraci Law Calumet City, Illinois Office

“Attorney Scruggs was very helpful & knowledgeable. He answered all my questions. I was nervous & didn’t know what to expect when filing my Chapter 7. However, I walked away with a wealth of knowledge. I highly recommend Law Offices of PFG.”

RODAttorney Rodney Geer, Geraci Law Merrillville, Indiana Office 

“ROD, Mr. Ellis – G+ for MER: I hope this review goes to, or is forwarded to, Peter Geraci himself. A BIG HIGH 5 to Rodney Geer in your Merrillville, Indiana office! A real professional! Rodney took extra time to answer all of my questions, and address all of my concerns. My situation was quite bleak, and he could see that I was stressed. He arranged all of the accommodations to personally suit my individual needs. This put me at ease, and that was very important to me. Facing bankruptcy is certainly one of the most devastating situations one can face. I am thankful this will soon be behind me, and I praise Mr. Geer for his professional handling of my case. Again, 5 STARS all day long. And Griselda Estrada is a gem of an assistant. They make a GREAT TEAM!”

JKNAttorney Jason Nielsen, Geraci Law Rockford, Illinois Office

“This was hands down one of the most terrifying and humbling things I’ve ever had to do. However, the discretion in which the office uses and the ease given by how hard Jason worked to make sure everything I needed was taken care of is priceless. I was treated with kindness and compassion despite my million questions and anxieties. I liked that there was no one there when I went because I was embarrassed to have gotten to this point in the first place. The quiet of the office helped me feel like they were devoting their time to help me entirely in a moment when I needed it most. This process has been easy and painless for me thanks to Jason. I would recommend anyone struggling and looking for answers to just schedule an appointment to see them so you, too, can find some relief and peace of mind. They definitely did that for my family and me.”

SLHAttorney Sharon Hunt, Geraci Law Cottage Grove/Chatham, Illinois Office

“This company has really helped me during a trying time. I’m young and have amassed a large amount of debt; I didn’t know how I would manage. I learned bad financial practices from my parents and I it was making my life harder. Geraci Law made doing this bankruptcy super easy. The attorney’s at this location really go above and beyond to make sure that you get the help that you need. Everything that you need to file a successful bankruptcy, Geraci will provide, just make sure that you go into the bankruptcy willing and ready to make life changes.”

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.

Are Your Financial Goals Out of Reach?

Struggling with debt and tired of owing? Bankruptcy might be the BEST option for you to get on financial track!

Are Your Financial Goals Out of Reach?

Do you have financial goals? Do you want to own a car? Own a house? Be able to save for retirement? If you owe a substantial amount of debt – these goals can be out of reach. No one plans on becoming inundated with debt – but sometimes life happens and you simply get in over your head.

Not being prepared for the UNEXPECTED can cause debt to snowball and savings to dwindle. Sometimes it’s bad luck, sometimes its job loss, currently it’s a pandemic causing havoc on everyone’s wallets. So what do you do if you owe money and have financial goals?

Cut Expenses

Financial planners may say to cut out the unnecessary expenses and live within a budget. That’s great advice – living within a budget AFTER you get out of debt can help you stay on financial track to meet your goals.

Cutting expenses may not help if you are ALREADY overburdened with debt.  If you have $20,000 balance with 18% interest – paying the minimum balance will take over SIXTEEN years to pay off the balance. Think about the past 16 years – were your finances stable? Did you work the same job with the same expenses with no unexpected expenses? Probably not.

Debt consolidation

Debt consolidation or debt settlement is a common choice for people with debt. Companies advertise cutting minimum payments and interest rates with the promise of LOWERING the monthly bill.

The reality is debt consolidation or settlement does NOT work for people with a large amount of debt and low amount of savings. You could pay the consolidator thousands for the “service” and be in debt even longer.  Your credit score is STILL negatively affected. There’s NO protection for you if the bill collector rejects the proposal and decides to sue any way.

Bankruptcy 

With bankruptcy you are using FEDERAL LAW to get control of your finances. Chapter 7 bankruptcy eliminates your unsecured debt and a Chapter 13 is a court supervised repayment (or consolidation) of your debt. You are using federal laws put in place to help YOU.

Think about your financial goals. After filing a Chapter 7 bankruptcy, you have a fresh start. If you create a budget and stick to it, you could have a savings account. So when the unexpected happens, you do not have to rely on credit to make it. If bad luck happens – you do not need to use the credit card to buy groceries. SAVING money is a very powerful thing.

Chapter 13 is ONE monthly payment to cover your bills. Unlike consolidation – a Chapter 13 is structured into a 3-5 year repayment plan. It will NOT go longer than that. If the unexpected happens during your Chapter 13 – that’s why you have Geraci Law on your side. We’re a phone call away to adjust your plan if necessary.

If you want to talk about your financial goals and your debt – Geraci Law is here. We offer free consultations with our experienced attorneys to give you options for your debt.

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

Real review from real clients about their Geraci Law bankruptcy experience.

Geraci Law Reviews

Attorney Ashley Chike

CHKTo whom it may concern, I initially reached out apprehensive. I ran into debt after earning two college degrees, that like many, hasn’t panned out – fulfilled. In my pursuit of happiness, I accrued a modest debt, that in many ways should have paid for itself. I borrowed with the expectation my education would break through the proverbial wall. It didn’t and I got stuck. When I reached out to Geraci, I felt welcomed and after I met with Ashley Chike, I became confident my bankruptcy would be handled with both tact and care. It has.

Bankruptcy exists for a reason. It allows you to keep on going with the acknowledgment that what you had going wasn’t working. So, try again. Big business does it, so why can’t you? At 34, selecting Geraci ranks as one of the best choices I’ve ever made. I feel like my family and I have future again. I am forever indebted (excuse the pun) and am sincerely grateful. Your representation has been superb!

Attorney Frank Hernandez

FCH“I went to Geraci Law on Berwyn and I have never been more satisfied and relaxed about opening up about my Finances. I worked with Frank who is a very Knowledgeable attorney and was able to assist me in the process of filing Bankruptcy. I was embarrassed but with his expertise and understanding I was confident I was doing the right thing and he reassured me it was in the best interest for my family…. Thanks Frank”

 

Attorney Ricardo Gomez

MEZ“My representative was Ricardo Gomez and I was grateful to be represented by him. He walked me through what I needed to do for my case. He was very supportive and sensitive to my needs. He was very knowledgeable in his field and was very clear and open in answering my questions. I was very nervous and unsure about how to handle my out of control debt but Mr. Gomez advised me and gave me comfort. I am very pleased with receiving services through him and the hospitality that him and this Geraci law offices team. I rate above 5 stars for Mr. Gomez. There’s not enough stars to rate this wonderful guy. Thank you Mr. Gomez and the law team located on 86th and Cottage Grove.”

Attorney Joseph Blaha

JJB“I gave This Bankruptcy Firm 5 stars all because of Joseph Blaha. He was a fantastic bankruptcy lawyer. This is my first time filing bankruptcy I was scared, nervous, worried and worst of all anxiety I didn’t really know what to do, but that all disappeared when i got Joseph as a Lawyer! I would have to say that the process of everything was truly easy. Joseph made my bankruptcy experience terrific(who says that when filing?!?) It was a super easy process, I mean I really didn’t have to do all that much Joseph gave me a list and thoroughly explained everything everything on that list that I needed to gather in a timely amount of time he answered all my questions, this guy right here Joseph Blaha I would recommend him if your looking to file chapter 7 &13 Bankruptcy he is a great lawyer making a connection with his clients to help them in there time of need. During my divorce I went off the deep end of spending money and Joseph gave me a fresh start of not having to owe money to anyone. With that being said thank you Joseph Blaha for giving me a fresh look on my new life adventure! So please call Geraci law to make your bankruptcy appointment with Joseph Blaha you wont be disappointed!”

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.