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.

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!

Driver’s License Suspensions & Bankruptcy

Worried about a driver’s license suspension? Call Geraci Law!

Driver’s License Suspensions & Bankruptcy

Is your driver’s license suspended for unpaid parking tickets? Are you worried about a judgment from an uninsured car accident? Look no further – Geraci law might have your solution!

Driver’s license suspensions for speeding, criminal or moving violations are NOT solved with bankruptcy. However if your license is suspended for any of the following, you should call Geraci Law NOW to help:
– Parking tickets
– Red light tickets
– Toll way violations
– Uninsured car accidents

Filing a Chapter 13 bankruptcy will consolidate the debt into an affordable monthly payment. You can reinstate your driver’s license BEFORE the case is discharged. With Geraci Law – most Chapter 13 cases can be filed for NO MONEY DOWN if you are working full time.

If you have City of Chicago parking tickets, a Chapter 7 bankruptcy could help. You can eliminate any other debt like credit cards, medical bills and then Geraci Law will help you with the Fresh Start program.  Read more at Chicago’s Fresh Start Program

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.

5 Chapter 7 Common Questions

5 Chapter 7 Common Questions

Geraci Law wants to be a resource to you during these uncertain times. Here are answers to five common questions about filing a Chapter 7 bankruptcy. Read previous posts about unanswered questions about Chapter 13 bankruptcies (5 Chapter 13 Bankruptcy Myths, What Can a Chapter 13 Do for Me?).

Will I lose my house or my car?

It’s important to meet with an attorney. Geraci Law does not want you to “lose” anything you do not want to lose. There are several factors in determining if you KEEP your house and car:

  • How much equity is in the house?
  • How many people are on title to the house?
  • Are you current with your payments?

These are some of the questions you will review with your attorney. The reason you hire an EXPERIENCED law firm like Geraci Law is to make sure you can keep what you want to keep. If your house is at risk, we’ll talk about alternative options like a Chapter 13. Geraci Law will provide your options to protect what you worked for.

Can I buy a house or car after filing a Chapter 7?

Filing a Chapter 7 bankruptcy does not determine your financial future. Instead, it eliminates your CURRENT debt. Geraci Law clients have gone on to purchase homes, cars, boats, etc. The FIRST step before buying a house, car or any other asset, is to deal with your PRESENT debt. Solve that problem first and then save money for a down payment. Geraci Law will do anything we can to help you get on track to achieve your financial goals.

How much does bankruptcy cost?

The short answer is it’s a LOT LESS than your current debt most times. Geraci Law can file cases for no money down. We will work with you on payment plans that fit your budget. We will work with you to figure out a plan to get you out of debt. For fee quotes, call us. Let’s talk to figure out a plan.

Can I file a Chapter 7 bankruptcy if I am working?

YES! Many Chapter 7 filers are employed. Geraci Law can help you if you are working full-time, part-time, unemployed, disabled or retired.  Talking with an experienced Geraci Law attorney can help determine your Chapter 7 and Chapter 13 options based on your income, expenses a debt.

I filed before – how long do I have to wait before I can file another Chapter 7?

It is an eight year wait from the date you filed your previous Chapter 7. You eligibility is determined by the date when your Chapter 7 was FILED not discharged. If it has NOT been eight years, you can review your options for a Chapter 13 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.

Chapter 3 – What Causes People to Need to File Bankruptcy

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

Chapter 3 – What Causes People to Need to File 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/.

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!

CHAPTER #3 WHAT CAUSES PEOPLE TO NEED TO FILE BANKRUPTCY

This is an easy one. Because most stuff other than bankruptcy is fraudulent. That means someone somewhere, on the internet, or maybe in Russia, or maybe your own bank, wants your money, and will say anything to get it.

1. “bill consolidation” is usually a fraud scheme There is no way to “consolidate” all your bills into one lower payment you can afford, pay your vehicles and mortgage and tax debt first, and stop every single creditor from bothering you, adding late charges, or suing you. No way. None. Nada. Except for Chapter 13 bankruptcy. Oh, there’s that word again “bankruptcy.”

2. “Loan modification” Fraud schemes like “Legal Helpers Loan Modification” just stole people’s money and disappeared with millions. Banks usually string you along for months and lose your paperwork, making things worse. Then all they do is take your 30 year loan and turn it into a 40 year loan to “get” you a lower payment. Great, now you’ll die before you pay them off and they’ll get your house back after collection mostly interest payments.

3. “Credit Counseling” Possibly the worst fraud. Some of them pose as law firms. Some are “lawyers” who really should be in jail. Being a lawyer makes them try to take as much as the first year’s payments up front as fees”. They usually last a year before getting indicted and put out of business.

4. “Debt settlement” Definitely the worst. Run, do not walk, as fast as you can from these skunks. Legal Helpers Debt Resolution” and others stole $50 million or more and faded into the night. Their imitators are still around, and so are the lawyers involved. They only lost their law licenses for a couple years. Nice payday on your money!

All these schemes play on your guilty, embarrassment and confusion. They can’t stop late fees, repossessions, lawsuits, foreclosures, license suspension, or anything else. So, beware of “bill consolidation, mortgage modifiers, debt settlement and credit counseling”. We usually see folks who have paid $3,000 to $5,000 to bill consolidators, and have nothing to show to it, when they could have filed Chapter 7 or 13 and really solved their problems and gotten a true fresh start.

Bankruptcy is very predictable. Everything is in writing, and while there are a lot of stupid lawyers who do lose $3000 or $5000 of their client’s money in Chapter 7’s, and take Chapter 13 cases that fail quickly after they get paid, Geraci Law does not engage in shady practices. So why pay the same, and not get the name? Ask your friends and family, and even your boss at work. Chances are they’ll say, “talk to Geraci Law.”

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 Virtual Meetings

Geraci Law is handling meetings remotely. We make the process hassle-free. You do not need a computer – a cell phone will work for a virtual consultation!

Geraci Law Virtual Meetings

Geraci Law is working remotely and ready to help! Below are attorney meetings being conducted remotely. You do NOT need a computer to do a video meeting! A cell phone with a web camera works great.

If you schedule an appointment, we send you a link. All you have to do is click on the link to open up the FREE consultation with an experienced Geraci Law attorney. It’s really that easy.

Geraci Law Milwaukee & Racine Wisconsin Attorneys from the top, right to left – Attorney Rob Brynjelsen, Attorney Ann Kramer, Attorney Felicia Petroff, Attorney Kathryn MacKenzie, Attorney Andy Golanowski, Attorney Brent Berning, Attorney Joseph Blaha, Attorney Abraham Pinon, Attorney Robert Crowley, Attorney Peter Francis Geraci, Attorney Lisa Ellmaurer

EDWI Attorneys

Geraci Law Indianapolis & Muncie Indiana Attorneys  from the top, right to left – Attorney Rob Brynjelsen, Attorney Erik Dickinson, Attorney Lacey Faul, Attorney Bridget Spears, Attorney Robert (Bob) Fine, Attorney Peter Francis Geraci, Attorney Anthony Shull, Attorney Chad Garrapy, Attorney Patrick McNulty

SDIN Attorneys

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.

 

Questions? Geraci Law Has Answers.

Geraci Law is a bankruptcy law firm ready to answer YOUR questions about finances.

Financial help can be hard to find. Reliable financial help is an even MORE difficult search. When you have questions – where do you go for answers? A google search will provide answers but you have no idea if those answers are from a reliable source.

Geraci Law CAN be that resource to you. With over 35 years of bankruptcy experience, Geraci Law has seen it all. Our experienced staff can help answer your questions. If we can help you – you can expect nothing but EXCEPTIONAL service.

If we cannot help you, we will give you alternative options. You do not hire a single attorney but an entire law firm to advocate for and represent you.

Worried about the word bankruptcy? You should not be. Bankruptcy can change your life for the BETTER. Filing a Chapter 7 can:

  • ELIMINATE debt
  • KEEP your house
  • KEEP your car
  • KEEP your retirement

After a Chapter 7 is discharged, you are debt free and on a path to IMPROVING your credit. Meeting with a Geraci Law attorney can help determine what makes the most sense for you and your family.

The best part? You get world class service and pay the same. Almost ALL bankruptcy fees are the same.

  • You will NOT speak to a voicemail but a live person.
  • Appointments are with ATTORNEYS
  • You are represented from START to FINISH!
  • Access to Client Corner – Geraci Law exclusive portal for clients to review and see the status of their case.

If you have questions – we have answers. You can either call us at 800 CALL PFG or you can schedule a free meeting online with an experienced Geraci Law attorney. Let Geraci Law help you clear the confusion. A free consultation is hassle-free and could be the first step to your financial future.

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.

Happy (belated) Mother’s Day!

Geraci Law hopes ALL moms had a great Mother’s Day!

Happy (belated) Mother’s Day!

To ALL moms we hope you had a GREAT Mother’s Day and enjoyed the day dedicated to you and all you do…and it’s a lot.
Single moms – the effort it takes to do it on your own is simply amazing. We are in awe of the work you do to make it all work.
Working moms – we admire juggling a full-time job and being the BEST mom you can be.
Sometimes even super moms need a little bit of help. We’re here for you.
Just give us a call at 800 CALL PFG.

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.

 

Unemployed with Debt – What to Do?

If you are unemployed with debt – you should consult an attorney with Geraci Law.

Unemployed with Debt – What to Do?

We are all struggling to figure out existence in this new world. Trying to balance budgets, E-Learning and making sure we have enough hand sanitizer. With the LOSS of income, everything becomes MORE strained.  Not to mention worrying about making the next minimum credit card payment.

Over 33 million Americans are out of work since the start of the pandemic. That number most likely will not decrease but rather increase. When you have debt and you are unemployed – what do you do?

The answer may or may not be bankruptcy. If you have debt – the BEST decision you can make is to call Geraci Law to consult about your financial situation. Our experienced attorneys and staff can help you figure out what to do about the bills. Geraci Law not only has FREE phone consultations, we also have FREE video meetings with our attorneys.

Consider your options. Consider your expenses. Job loss is scary. Filing for bankruptcy with Geraci Law is NOT scary. If we have a solution to your problem, we’ll let you know. If we cannot help you we’ll let you know that too. Talking is important – give us a call at 800 CALL PFG.

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 Evergreen Park

Geraci Law Evergreen Park has an updated look! Give us a call to talk about your bankruptcy options at 800 CALL PFG.

Geraci Law is located at 3560 W 95th Street in Evergreen Park. We’re approximately two minutes west of Western Avenue at the north side of 95th and Central Park Avenue.  There’s a HUGE parking lot available so you do not need to worry about parking.

We updated the outside of Evergreen Park so it’s EASY to see from the street. Currently we are only meeting with clients via video and phone. In the future, we would love to see you in person on 95th. Until then, stay safe!

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.