Happy Weekend From Geraci Law!

Want to discuss debt? Need some help with a budget? You can call us at 800 CALL PFG – we’re ready to help you even on Saturdays! Lots of helpful resources at http://www.infotapes.com.

Want to discuss debt? Need some help with a budget? You can call us at 800 CALL PFG – we’re ready to help you even on Saturdays! Lots of helpful resources at http://www.infotapes.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 30,000 5-star reviews 5starsince November 2016!

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

Debt Blitz? Call Geraci Law!

Being nervous is 100% normal. If you are putting essentials like groceries, gas on a credit card every month because you are spending your cash paying minimums – then it’s time to call us. Admitting that you need help is difficult. But most of our clients feel RELIEVED they did.

Football starts this week. We hope you have your fantasy football lineups set! If you are struggling with debt, it may be time for a Hail Mary pass. The GOOD news that could be a consultation with a Geraci Law attorney.

Being nervous is 100% normal. If you are putting essentials like groceries, gas on a credit card every month because you are spending your cash paying minimums – then it’s time to call us. Admitting that you need help is difficult. But most of our clients feel RELIEVED they did.

Check out this balance calculator – https://www.bankrate.com/calculators/managing-debt/minimum-payment-calculator.aspx

Put in what your TOTAL credit card balance is. For an example, $20,000 in credit card debt at 18% interest with a minimum payment of $500 per month will take 411 months to pay off the balances. That’s OVER 34 YEARS. If you stayed on this plan, you would pay $29,423.50 for the original balance of $20,000! I imagine you could put $9,000 of money you are giving away to creditors to much better use.

Make a change. Call Geraci Law for a free consultation. If we cannot help you, we’ll tell you alternative options. We’re ready to help change your life for the better.

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 5starsince November 2016!

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

Geraci Law in South Bend, Indiana

Geraci Law is taking Chapter 7 and Chapter 13 bankruptcy cases in South Bend Indiana!

Geraci Law is taking Chapter 7 and Chapter 13 bankruptcy cases in South Bend Indiana! If you are struggling with debt, we offer a FREE consultation with our experienced team to review your options!

We also handle cases in Elkhart, Mishawaka, and surrounding areas. We’re ready to help with debt and cheer on the Notre Dame Fighting Irish! Did you know South Bend hosts the one of the largest Dyngus Day celebrations outside of Poland?

SAD

Attorney John Sadler 

Attorney John Sadler is a senior court attorney and supervising attorney at Geraci Law. Attorney Sadler is admitted to the U.S. District Court in the Northern District of Illinois, Northern District of Indiana, and the Southern District of Indiana. He has bar admissions in Indiana and Illinois.

He earned his Bachelor of Arts in Criminal Justice & Sociology and Juris Doctor from Indiana University. In his spare time, he enjoys camping, cycling, and other outdoor activities. He is a board member of a small non-profit cycling organization focused on raising money through cycling events for cancer research.

LAC

Attorney Lacey Faul 

Attorney Lacey Faul is a Senior Attorney at Geraci Law and has been with the firm since November 2009. She graduated from Purdue University in 2006 (Boiler Up!) with a major in Management and minors in Marketing and Human Resources & Organizational Behavior. She received her J.D. from Indiana University – Indianapolis in 2009 and joined Geraci Law soon after. She is a member of the Indianapolis Bar Association – Bankruptcy Section, Indiana Bar Association, and Illinois Bar Association. She is licensed in the Southern District of Indiana and the Northern District of Illinois and has filed over 1,700 cases to help her clients become debt free. She takes pride in helping to ease her clients’ fears and loves to hear how relieved they are when their case is complete. In her free time she loves to relax with her dogs and husband and hopes to one day start marking places off her travel bucket list again!

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 5starsince November 2016!

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

Chapter 10-What is the Real Price Difference Between Bankruptcy Lawyers?

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

You may be thinking about bankruptcy. You may have called a couple of law firms. Geraci Law can help you. Below is an excerpt from Attorney Peter Francis Geraci’s Complete Book on Bankruptcy about the REAL price difference between bankruptcy attorneys.

From Chapter 10 – What is the Real Price Difference Between Bankruptcy Lawyers?

I have found that there is very little difference in attorney’s fees. You can’t save more than a couple hundred dollars between lawyers’ fees for the same type of case. Some people like cheap doctors, and some people like cheap food. Some people pick attorneys by a $100 difference in price, not realizing that one deal your attorney makes can save or cost you thousands.

So, the cheapest lawyer in town is not necessarily the best. In other words, go for experience, not price, because there is not much difference in fees for consumer bankruptcies, but there is a big difference in the quality of the advice and service.

For instance, let’s say that 5 years later, a bill collector calls and says you left him off your petition, and he wants to be paid. Will you be able to call your attorney who did the Chapter 7, for advice, or will the telephone be disconnected? If it is Geraci Law, yes you can. 7 am to 7 pm and Saturdays until 1 PM. All your records are electronic. No voice mail either.

Usually, Chapter 7 fees can be paid in installments of as low as $100 a month. Chapter 13 Plans including attorney fees are as low as $95 biweekly. If you can’t afford $100 or $200 a month, you may have to ask friends or family to help you out.

In my opinion, anyone “shopping for fees” for a bankruptcy attorney, is not thinking clearly. If you can clear $10,000 in debt, tax free for $1500, it is a bargain. 10 payments of $150 or even $200 is a bargain.

Chapter 13 cases are even more of a bargain. In almost every state, the attorney fee is exactly the same. Most Chapter 13 cases get filed “no money down”, because it’s a repayment plan. Your attorney gets paid from your Chapter 13 payment, which takes care of attorney fees and all debt. Your Chapter 13 payment could be as low as $95 bi-weekly, or more depending on what debt you are paying back.

Geraci Law represents people on Social Security with low income, and people making over $100,000 a year. Anyone quoting the same fee for any case, on the phone, may be engaging in “bait and switch” tactics. But, if you are really were just looking for the cheapest lawyer in town, sadly for you, there are some poor lawyers at the bottom of their career that will work for free. You kind of get what you pay for.

Geraci Law is the largest filer of bankruptcies in Illinois Indiana and Wisconsin, and you will generally find that the largest law firms probably have the happiest clients, and about the same fees, when you get done, as the all-by-myself attorneys.

Lawyers that claim to be “cheap” can often end up costing you more! Beware of “cheap fee quotes on the phone”

In most Chapter 13 cases, you are saving a lot of money on interest, so the cost is less than paying the creditors at their contract rate of interest. However, Chapter 7 cases are usually cheaper than Chapter 13 cases in terms of total cost. Many “cheap” lawyers don’t know the difference between Chapter 7 and Chapter 13, so if you go there, you won’t know either.

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 5starsince November 2016!

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

Free Consult In Evergreen Park

Come over to our Geraci Law Evergreen Park office – we’re offering FREE attorney consultations!

Free Consult In Evergreen Park

Come meet us in Evergreen Park for a FREE consultation regarding your financial options. We’re located at 3560 W. 95th St. Evergreen park is 2 minutes West of Western, 4 blocks West of Kedzie, 4 blocks East of Pulaski. Easy Parking int our Lot next to the building.

You can meet with any of our experienced Geraci Law Staff:

MMAAttorney Mario Arreola 

Mario M. Arreola is a highly respected Chicago based injury and bankruptcy attorney. He is a graduate of Mt. Carmel High School, University of Illinois, and the John Marshall Law School. He was born in 1958 in the neighborhood of South Chicago on the Southeast Side. The son of immigrant parents and father to four children and grandfather to eight.

Attorney Arreola has worked with Geraci Law, for more than 25 years and helped more than 20,000 clients solve their financial problems. For most of these years he has been the cornerstone of Geraci Law on the South Side of Chicago. Many of his clients simply know him as “Mr. Mario.”

TARAttorney Tarek Khalil 

Attorney Tarek Khalil is a senior attorney at Geraci Law. He is beloved by his clients. Attorney Khalil is one of the well-reviewed attorneys at Geraci Law. His clients call him, “overall great person,” “pleasant,” and “personable.”

He graduated with a Bachelor’s Degree in Political Science from University of Illinois at Chicago. He went on to earn his Juris Doctor from John Marshall Law. He is fluent in Arabic and is a board member for American Muslims for Palestine in Chicago.

Support Staff to Make the Process Hassle-Free!

Isaac Bell

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Steven Serrato 

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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.

Who Your Lawyer Is, DOES Make a Difference

Geraci Law founder Peter Francis Geraci likes to say “Why pay the same and not get the name?” 

Who Your Lawyer Is, DOES Make a Difference

Geraci Law founder Peter Francis Geraci likes to say “Why pay the same and not get the name?”  Even worse, why THINK you’re paying an attorney to protect you, but end up losing your home or other asset?

Remember, creditors look at your bankruptcy petition, and so does the United States Trustee and their minions.  An attorney representing creditors scrutinizes your Chapter 7 or 13 petition, looking for assets they can take, or money they can get you to pay creditors.

Geraci Law Attorney Nathan E. Curtis recently defeated a Chapter 7 trustee in one case, and a Chapter 13 trustee in another. In Will County, Illinois, the Chapter 7 trustee wanted to take $12,000.00 the Geraci clients had claimed exempt as funds from the sale of their home, because Illinois law says the “homestead” exemption is only good for a year.  Attorney Curtis pointed out to the Court that, since the Chapter 7 was filed within a year of receiving the sale proceeds, the Trustee could not claim it by holding the Chapter 7 case open and waiting a year to object.  This saved the Debtors $12,000.00.

In the Chapter 13 case, Geraci Law attorney Nathan Curtis defeated the claim of the Chapter 13 trustee that life insurance proceeds of $50,000 were “disposable income” that had to be paid to creditors. Attorney Curtis pointed out that only “current monthly income”, not a one-time payment, much less a life insurance payment that is exempt from creditors, may be required to be used to pay creditors.  The Bankruptcy Judge agreed, and Geraci Law saved the widow from having to use life insurance to pay creditors.

Who you choose for an attorney DOES make a difference!

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 5starsince November 2016!

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

Helpful Links & Resources

Geraci Law updates our site constantly with useful tools about debt, budgeting and education.

Helpful Links & Resources

Geraci Law wants to be a resource to anyone in debt, learning how to budget or wanting to learn more about finances or bankruptcy. There’s a lot of information out there – go with the firm you know and trust.

Check out https://www.infotapes.com/Links for information. We are constantly updating with new links. If you have questions or need a listening ear, give us a call at 800 CALL PFG. It’s free!

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 5starsince November 2016!

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

Stop Lawsuits!

Geraci Law can help you STOP a lawsuit with a Chapter 7 and Chapter 13. We can help with foreclosure, wage garnishments and judgments.

Stop Lawsuits!

Did you receive a notice about a lawsuit in the mail?  Did the Sheriff knock on your door and hand you a summons? Are you worried about foreclosure and your home?

Geraci Law can help you figure out what your options are regarding past due balances. We offer bankruptcy as an option to STOP the lawsuit.

Filing a Chapter 7 or Chapter 13 bankruptcy will stop a lawsuit from a creditor. Geraci Law offers FREE consultations with our experienced attorneys to help you figure it out. Filing a bankruptcy can prevent:

  • Foreclosure
  • Garnishment
  • Judgments
  • Liens against personal property or bank accounts

If you are being garnished already or if a default judgment is already entered, filing a bankruptcy can STOP any future collections. If there is a suit filed, NOW is the time to consult with a Geraci Law bankruptcy attorney. We can advise if bankruptcy is a solution to your problem.

Even if you are getting threats for a lawsuit from collection agencies, give us a call. Solve the problem before a lawsuit is filed on public record. Geraci Law is happy to meet with you via video, in office or by phone.

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 5starsince November 2016!

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

Chapter 36 – Business Bankruptcies

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

Chapter 36 – Business Bankruptcies

Stein Mart is the most recent business to file for bankruptcy since the start of the pandemic. You may wonder what is a business bankruptcy and what does it mean? You may be a business owner thinking about filing for bankruptcy. Below is an excerpt from Attorney Peter Francis Geraci’s Complete Book on Bankruptcy.

At Geraci Law, we don’t do bankruptcies for operating business. You may as well wind it up properly yourself. Pay your taxes, sell your inventory, and close up. Businesses don’t get a discharge anyway. Chapter 7 only liquidates a business. You can do that by yourself.

You may have heard of major corporations reorganizing under Chapter 11 of the Bankruptcy Code. Small businesses seldom reorganize, and 95% of the businesses with under $2 million in sales that go into Chapter 11 do not reorganize successfully and go under completely. In October, 2005, a simplified reorganization procedure for small businesses was enacted.

Businesses don’t usually file bankruptcy because only people get discharges. Business usually wind up their affairs, pay off what creditors they can, and disappear. Only if a real person has personal liability, or the business really wants to liquidate using bankruptcy, do small businesses file.

Many small businesses are incorporated. If the owner of the incorporated business did not sign personally, it is only the corporation that is obligated. In that case, certainly the owner does not need a bankruptcy attorney. But does the small corporation need bankruptcy relief? The answer generally is, no. Just struggle along. If your small incorporated business is still alive, do the best you can. Stay away from bankruptcy. Make sure you pay the employee withholding taxes, unemployment taxes, and sales tax. Those are items that an officer or shareholder of a corporation may be held personally liable for. Try to pull out of your problem by yourself, and if you cannot, fold the business yourself.

However, if your business is not incorporated, you may be personally liable for its debts. In that case, the same rules apply. I see no benefit to putting a going business into bankruptcy court. If you are going under, just go out of business. Many creditors tend to just drift away. After you are out of business, and find a regular job, if anyone sues you, you may want to file a Chapter 7. Bankruptcy rules will generally not help a failing small business to succeed.

If you have already closed your business, and remain liable on its bills, and have other bills such as charge card debt, we may be able to get you a fresh start. We represent a lot of people who have already closed their businesses, there are no assets left, and they need to get a fresh start.

If that is your business is closed up, and you are now doing something else, and you just want to eliminate personal liability on loans, or if you have a 1 person business, you may benefit greatly from the bankruptcy relief which is available. But, if your business is still going, don’t call me!

Problem: Jose had a hot dog stand, and his rent doubled, and he was evicted. He is now working as a cook making about $32,000.00 a year, but that is not enough to pay for all the bills he ran up trying to save his small business, and now the creditors are suing him.

The Peter Francis Geraci Chapter 7 or 13 Solution: Jose can file a Chapter 7, list both his business and personal debts, and get a fresh start.

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 5starsince November 2016!

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

Geraci Law – The Firm You Know & Trust

The Chicago Blackhawks lost last night, they get another shot for a win. Let Geraci Law help you with a fresh start!

The Chicago Blackhawks lost their opener last night against the Las Vegas Golden Knights. The good news is they get another shot at Game 2 on Thursday. Geraci Law wants to help you with your second shot. If you lost your job, if you lost income, if you just feel like you are losing the battle of debt – Geraci Law is here for you. Don’t gamble your financial future!

Since 1977, Geraci Law helped over 250,000 people solve debt problems. We’ve been reviewed 30,000 times from HAPPY clients. These clients have two things in common. The first is they used Geraci Law to get out of debt. Second is their lives are better since filing for bankruptcy with Geraci Law. It’s just simply relief.

Bankruptcy can be scary – you might be worried or nervous. There’s enough in the world to be worried and nervous about. Bankruptcy with Geraci Law can help solve the debt nerves. Owing money you cannot pay is scary – bankruptcy should not be.

We work with everyone. We offer flexible payment options and if bankruptcy is NOT your best bet, we’ll advise you on alternative options. It’s what Geraci Law is here for – we want to change your life for the better.

Geraci Law can meet you virtually, by phone or we’re open at our several locations. It’s whatever is easiest for you. It starts with a free consultation. You can schedule this by calling 800 CALL PFG or online by clicking here. https://www.infotapes.com/Bankruptcy/OfficeLocator

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 5starsince November 2016!

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

No question too big or small – we’re nice, we’re experienced and we’re ready to help!