There’s NO WAIT for Relief!

You can file Chapter 7 bankruptcy once every EIGHT years – but a Chapter 13 reorganization you file without waiting!

You can file Chapter 7 bankruptcy once every EIGHT years – but a Chapter 13 reorganization you file without waiting!

Review your options and find out if you Kwalify – it’s fast, fun and debt relief could be the answer to your problem!

Check out video from Peter Francis Geraci:

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 35,000 5-star reviews since November 2016!

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

Beverages & Budgeting

Grab a cold or hot beverage of your choosing, sit down and work on the budget this weekend.

It’s been a few months since the last Beverages & Budgeting post. Grab a cold or hot beverage of your choosing, sit down and work on the budget this weekend.

With inflation affecting everyone, it’s important to revisit the household budget. Think about what you are spending on credit card minimums only to use the credit card for your household expenses. Instead you could be using the minimum payment for groceries, gas or to start saving for retirement (check out https://www.infotapes.com/articles/news/105/bankruptcy-can-help-you-plan-for-retirement)

Geraci Law has GREAT budgeting form to get a start on a budget. You will see suggested amounts. Print off a recent bank statement and see just where your money is going. Need help? Struggling with payments? We’re a phone call away at 800 CALL PFG (800.225.5734).

Budgeting form available below or @ https://www.infotapes.com/content/forms/MonthlyBudget.pdf

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

Foreclosure Filings Increase in Cook County Illinois

More Homeowners falling into Foreclosure

Check out the press release from Attorney Peter Francis Geraci – stay up to date with news @ https://www.infotapes.com/Press

Cook County Foreclosure Filings are going Up: the Jan-June 6 month average was 262 weekly Foreclosure filings. In the last two weeks, they are up about 30%, with 333 & 324 weekly Foreclosures. What can a homeowner do? Many stopped paying their mortgages 2 years ago, thinking a Covid Forbearance of some sort would be offered.

Now, they are almost two years behind. What is worse is that the value of their homes is usually up, but if they lose the home in foreclosure, they will have no generational wealth, and will be renting. They have eaten up a lot of their equity by letting the mortgage go 30 months behind.

And what about the real estate taxes? Either the mortgage company paid them, and wants to be reimbursed, or they are now 2 years past due.

Chapter 13 can cure mortgage arrears, and force the mortgage company to stop foreclosure, and accept ongoing payments. Don’t wait until foreclosure, or worse, a sheriff sale, if you are behind in your mortgage and are able to start making regular payments, and pay the past due over as long as 60 months. Chapter 13 saves houses! But the longer you wait, the harder it is.

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

It’s a Free Hour to Change Your Life

Geraci Law offers FREE that’s right FREE consultations with our experienced bankruptcy attorneys.

Geraci Law offers FREE that’s right FREE consultations with our experienced bankruptcy attorneys. For no cost, you can review your debt, see if bankruptcy can be the solution to your debt problem. If we can’t offer you options, we’ll tell you why, and suggest some other solutions if we can.

Very few people talk about financial problems. Check out Chapter 2 of Attorney Peter Francis Geraci’s “Complete Book on Bankruptcy” titled CHAPTER #2 Don’t be Embarrassed, Nervous, or Afraid

Most hear the B word and believe they will NEVER buy a house. That’s simply not true. Bankruptcy affords someone the fresh start to get on track to home ownership. Many see their credit scores INCREASE after filing.

It’s as simple as saying I need some help or I need my options. We’re happy to meet with you to try and figure it out.

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

Debt Surges and So Does Inflation

Geraci Law reports increase in pressure on retired workers!

Read the press release below from Geraci Law – you can read additional news @ https://www.infotapes.com/Press.

As if we can’t see it ourselves, the Federal Reserve reports that consumer debt levels increased 14% in March 2022. Credit card debt and other revolving debt increased by 21.4%.

Revolving credit, which includes credit cards, surged by 21.4%.

Food is up 10%, and gas is up 25% over a year ago. Pension payments have not increased, the stock market is down 20%, and social security payments are up only 5% or less.

At Geraci Law, we have seen this cycle before. Geraci Law is one of the oldest and largest debt relief agencies in the country, with roots going back to 1977. This data indicates that the cost of living will increasingly outstrip the ability to pay debt, in the coming months.

“It usually takes 2 years for consumers to realize they should eliminate or consolidate debt using either Chapter 7 or 13”, says Geraci Law founding member attorney Peter Francis Geraci.

“Bankruptcy filings are at a historic low, and borrowing is at a historic high, with the good feelings of a stock market bonanza all but gone.” Geraci Law is seeing an increase in Chapter 13 debt repayment plans filed by retired persons, and those approaching retirement. “Retirees and fixed income individuals are the canaries in the coal mine, the first to suffer from inflation and high debt repayments”, said Mr. Geraci.

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

Just Call!

If you have questions, Geraci Law believes in the phrase – JUST CALL! We want to talk to you and provide the best information possible.

At Geraci Law, you always have direct access to your attorney and paralegal team. No call centers, no leaving a message on a machine. Everyone you interact with is a Geraci Law employee.

It’s one of the many reasons we are the most reviewed bankruptcy law firm in the country. Over 40 years in business, over 200,000 clients served, and more than 30,000 5-star or positive bankruptcy attorney reviews.

So…

1. Thinking debt settlement or consolidation?

Just Call! 1-800-CALL-PFG

2. Want your “fresh start” Chapter 7 or 13 options?

Just Call! 1-800-CALL-PFG

3. Want a free credit bureau “soft pull” to see your debts?

Just Call! 1-800-CALL-PFG

4. Find out how much debt you have?

Just Call! 1-800-CALL-PFG

5. File from home using our Geraci Law app & Client Corner

Just Call! 1-800-CALL-PFG

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

Don’t be Embarrassed, Nervous or Afraid!

Below is from Chapter 2 of Attorney Peter Francis Geraci’s, “Complete Book on Bankruptcy.” Read below or the rest of the book @ https://www.bankruptcybookbypeterfrancisgeraci.com/

CHAPTER #2 Don’t be Embarrassed, Nervous, or Afraid

Everyone tells me they are embarrassed, nervous, and afraid to get out of debt. So read our 30,000 reviews and find out what Geraci Law has done to make their life better. Start with the reviews.

Now, let’s take embarrassed first. 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. Are you 40 years old? In the last 40 years, about 40 million people have filed bankruptcy. So don’t be embarrassed. Donald Trump has put more than one of his projects in bankruptcy.

Second is nervous. Log on to infotapes.com and read real life stories about people just like you and how their Chapter 7 or 13 worked out for them. Get educated. Then you won’t be nervous. Take my free online 20 minute credit counseling course. Or take my 2 hour course for $25. Too much debt is bad. It can actually affect your health. Bad debt is like a bad marriage, or a bad cold. It can make you feel miserable. If you get out of debt, your credit score goes up, and you can start saving for a house or car you want.

Third is afraid. Don’t be. At Geraci Law, we will not file a bankruptcy for you unless we think it will make your life better. So, once you realize you’re in good hands, that a million people just like you file every year, and you know your credit score and savings will go up, you will be ready to get some good advice.

Why would anyone be happy about having to file a bankruptcy? The answer is, if there were no bankruptcy laws, you would have no way out of financial trouble.

The bankruptcy laws, and how they can help you, are not known to the general public. When a person finds out that they can get out of debt, and start fresh, without giving up any possessions, they are generally very happy. No one files a bankruptcy case unless they have to. If you have the money to pay your bills, pay them!

Why would you be happier if you kept your house, kept your vehicle, kept your pension, kept your household furnishings, and had no debt, and could save money each month for retirement? Why wouldn’t you?

Realize that if you have $20,000.00 in credit card debt at 18%, and just make the minimum payments at 2.5% of the balance, never using the card again, it will take you 37 years to pay it off. Go to our website, http://www.infotapes.com, and follow the links to msn.money.com, and bankrate.com. You will find useful financial calculators on those sites. Plug in your debt, and see that if you can pay only minimums, you have a life sentence of debt. If you have a lawsuit, getting garnished can eat 15 to 25% of your take home pay, or snatch your entire bank account.

Why should you have a life sentence of debt? Be happy! Don’t worry! If you can only pay minimums, collectors are calling, you have to charge necessities, you may be better off filing Chapter 7 and getting a discharge of that debt, or Chapter 13, which is a no-interest debt repayment. You could take that $500 a month and repay your debts in full with no interest over less than 36 months.

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

So What is A Chapter 13?

Chapter 13 can consolidate your debt based on YOUR budget rather than the terms dictated by the creditors. It’s one payment that is affordable to Y-O-U.

And – why would it help me?

Chapter 13s are often misunderstood. Some debt consolidation schemes may advertise paying back your debt to AVOID bankruptcy. You pay one payment for an estimated amount of time to creditors. Sounds great right?

What we have seen, most people who attempt debt consolidation end up filing for bankruptcy because some creditors or banks may NOT negotiate or settle. You are paying a monthly fee to a company only to find the monthly payment is not paying down the debt but rather the fee. If you owe thousands in debt, it could take YEARS and THOUSANDS to be able to pay down balances.

Unlike debt consolidation, creditors do NOT get a choice of negotiating in a Chapter 13. You use federal law to get help with your bills. Chapter 13 can consolidate your debt based on YOUR budget rather than the terms dictated by the creditors. It’s one payment that is affordable to Y-O-U.

If you are working full time or have a steady source of income and want to pay your debt, filing a Chapter 13 could be a great option. Rather than paying minimums only to use the credit again, you actually pay off what you can afford.

Check out the excerpt below from Attorney Peter Francis Geraci’s, “Complete Book on Bankruptcy.”

All your credit can be paid with one payment to the Court trustee, if you qualify for a Chapter 13 plan. It is possible to consolidate all your outstanding bills into one lower monthly payment, and be protected from credit action during the time you make your payments.
Chapter 13 plans usually run from 3 to 5 years. You can get a rough idea of your maximum Chapter 13 payment by adding up all your bills, dividing by 36 to 60 months. Add 10% to the monthly payment, and the total would be your Chapter 13 payment. This is an over-simplification, and your payment could be less, but this is the basic idea.
Usually, there is no further interest paid to creditors under a Chapter 13 plan. Exceptions to this are cases where you are paying for a house or for a car, or when the creditors could get all their money immediately if you were to liquidate your assets.

A Chapter 13 bankruptcy is an amazing resource available to people simply struggling. Geraci Law will file the case for no-money down and you get the immediate relief and time to pay down your debt.

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

Geraci Law in the Middle District of Florida

Geraci Law is ready to help folks from Fort Meyers, Daytona, Ocala, Orlando and Tampa Bay County.

Geraci Law helps the entire state of Florida with debt! Our team can review your situation to determine if a Chapter 7 or a Chapter 13 will solve your problem. Best part? The consultation is free.

In Florida – there are three districts where an individual can file. Every Florida county is assigned to one of these three districts. You file where you live at. There is the Southern District Bankruptcy Court, Middle District Bankruptcy Court and the Northern District Bankruptcy Court.

The U.S. Bankruptcy Court for the Middle District of Florida is the third busiest bankruptcy court out of the 90 Federal Districts! Geraci Law is ready to help folks from Fort Meyers, Daytona, Ocala, Orlando and Tampa Bay County.

Cases filed in the U.S. Bankruptcy Court in the Middle District of Florida have 341 Meeting of Creditors via Zoom. Geraci Law will HELP you with this process. You can handle your entire case from the comfort of your own home including your virtual Meeting of Creditors.

Before you make your next minimum payment – give us a call. We can help you stop the cycle of debt. Check out Break the CYCLE of DEBT!

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

Bankruptcy Chapters

Did you know there are SIX chapters of bankruptcies?

Did you know there are SIX types of bankruptcies? Bankruptcy is one of the oldest laws. Geraci Law is a consumer bankruptcy law firm focusing on individuals needing help with personal debt.

Most common bankruptcy types (also mainly for consumers) are Chapter 7 and Chapter 13. Some resources to read about Chapter 7 and Chapter 13:

Chapter 7: Fresh Start or debt elimination

Chapter 13: debt repayment, debt reorganization

Debt settlement, Consolidation vs bankruptcy

Get started on a debt free future

Bankruptcy infotapes

But what about the other 4 types of bankruptcies?

Chapter 9

This bankruptcy chapter is for cities, towns, counties, school districts – basically any municipality. The largest Chapter 9 bankruptcy filing was the City of Detroit in 2013. Filing a Chapter 9 bankruptcy protects municipalities from collectors and creditors while the city/school district/town/county creates a plan for their debt.

Chapter 11

You CAN file a Chapter 11 bankruptcy as an individual but so can a business. Similar to a Chapter 13, Chapter 11 is a reorganization of debt. In Chapter 11, an individual can keep operating the business and assets are not sold or auctioned to pay debt (unlike a Chapter 7).

Chapter 12

This is a very specific Chapter to family fisherman and family farmers struggling to pay debt. Like a Chapter 13, a repayment plan is spread out over the course of three to five years.

Chapter 15

This Chapter was added to the United States Bankruptcy Code back in 2005. Basically a debtor who has assets outside of the United States would file a Chapter 15 to cooperate with foreign courts.

Read ALL ABOUT DEBT RELIEF at www.bankruptcybookbypeterfrancisgeraci.com

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CHAPTER #2 Don’t be Embarrassed, Nervous, or Afraid

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But what about the other 4 types of bankruptcies?

Chapter 9

Chapter 11

Chapter 12

Chapter 15

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