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.

FAQs about Debt & COVID 19

Geraci Law answers questions about debt during COVID 19.

FAQs about Debt & COVID 19

Geraci Law wants to help you answer questions about debt and collections because of the uncertainty surrounding COVID-19.  Reviewing your financial situation with an experienced bankruptcy firm (like Geraci Law) is almost a GREAT idea if you are struggling financially.

Are the bankruptcy courts open?

Yes but there are are no in-person meetings. BUT, we are able to file Chapter 7 and Chapter 13 bankruptcy petitions to get the automatic stay protection. The courts are still processing filed petitions. There is no delay in case filing. Oftentimes Geraci Law can file a case the same or next day.

Can bill collectors sue me when courts reopen?

ABSOLUTELY. Governor J.B. Pritzer suspended summons service so creditors cannot serve a garnishment or citation to discover assets. Most collection agencies and finance companies are put on hold during COVID-19. Once the order ends – collectors can start to sue, garnish, and collect. Filing a bankruptcy NOW stops the future collection.

Are Geraci Law offices open?

Yes and no. Yes Geraci Law is open and ready to help. No, the physical locations are not open to protect our staff and clients. We can meet with you via phone or video. It’s the same great service – just virtually. You can schedule online at https://www.infotapes.com/Bankruptcy/OfficeLocator. All you need is a smart phone!

Where can I find more information about finances during COVID-19?

Geraci Law wants to be a resource to everyone. A great place to look is at https://www.infotapes.com/Links this includes information about debt, education, job fairs and other important resources.

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 is Here to Help

Geraci Law thanks ALL essential workers for helping everyone. If you need help, Geraci Law is here for you.

Geraci Law is Here to Help

Geraci Law wants to thank all the medical workers, grocery workers, and everyone out there working to support the country during COVID-19. We understand it’s tough and we appreciate everything you are doing.

Despite many people losing jobs, losing hours, the collection efforts do not stop. Collection agencies are still calling although they probably should not be, there are still lawsuits being filed against people who are struggling. That’s where Geraci Law can help. Filing for bankruptcy can STOP the collection actions from the creditors.

Creditor lobby groups fought against a bill proposed in Congress to STOP collection agencies from reporting late or missed payments to the three credit bureaus. The bill did NOT pass. The CARES Act did pass. There are guidelines written out by Consumer Financial Protection Bureau urging banks to work with consumers. Read more at the New York Post here. An excerpt from the letter written by US Chamber of Commerce and other associations that represent banks and creditors said,

As you consider options to protect consumers from harm, please be aware that blanket suppression of all adverse information in credit reports could disrupt consumer access to credit in the future.

Sometimes we all need a little bit of help. As of now, the help is not coming from Congress and help is not guaranteed from your creditors and banks. Geraci Law is here for you. Bankruptcy could be the solution to your problem.

If you are struggling with payments, worried about your job, worried about catching coronavirus and missing work – we’re here for you. Geraci Law IS open and meeting via video. We make debt relief simple because no one needs extra stress right now.

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

Debt Worry? Call Geraci Law.

If you are worried – call Geraci Law. Our experts will help you create a plan that HELPS your budget and debt.

Debt Worry? Call Geraci Law.

Because of the market crash in 2008, interest rates on consumer debt like personal loans and credit cards were historically low. The result was consumers having MORE debt with less interest. When everyone was working full-time, the household budget was fine. The income was there to make the minimum payments plus some more on the debt. Geraci Law was there for consumers in 2008 and we’re still here to help.

Now with COVID-19 and employment uncertainty, a missed payment could snowball into a big debt problem. Even if work resumes tomorrow – what if the market isn’t there? What if there’s no job to return to? What if the virus stimulus package only covers ONE MONTH of payments but does not solve the debt problem. Geraci Law may have your solution.

Geraci Law is here to help consumers realign budgets. We help people just like you worried about minimum payments and just making it. Eliminating YOUR debt helps YOUR future instead of the banks.

You can take what you are spending in minimum payments and start a savings account. You can take the money you are putting towards debt settlement or debt management programs and put it toward a down payment on a home or retirement. Bankruptcy with Geraci Law helps you get back on financial track.

Stop wasting your hard-earned dollars on uncontrollable debt.

Think about your future.

Think about your job’s future.

If you are worried, call us. Geraci Law can help you figure out a plan that works for you.

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 St. Patrick’s Day From Geraci Law!

Happy St. Patrick’s Day from Geraci Law! Do you need a change in luck? Give us a call – we’ll review your situation to see if we can save you some GREEN.

Happy St. Patrick’s Day From Geraci Law!

The luck of the Irish is not a given. BAD LUCK is one of the big motivators for debt and bankruptcy. No one wakes up in the morning and says, “I want to file for bankruptcy today.” Often times it’s months (or longer) of missed payments and occasionally just bad luck.

The good news is filing a bankruptcy could change a string of bad luck. Chapter 7 bankruptcy can eliminate debt and give you a fresh start. You can work to rebuild a credit history, payment history, and maybe with some good luck find the pot o’ gold at the end of the rainbow.

Chapter 13 bankruptcies with Geraci Law will consolidate your debt to RESTRUCTURE your finances. You make affordable payments to pay down the balances. At the end of your Chapter 13 repayment plan, you get some good luck when remaining balances/interest are discharged.

Change your financial path by calling Geraci Law. We’re here for you to help if you’ve been unlucky. We’ll try to help you save some green and figure out a solution to your problem.

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

Feeling Sick? Stay Home with a Financial Plan for Success!

Missed work? No savings ? Geraci Law could help.

Feeling Sick? Stay Home with a Financial Plan for Success!

When you live paycheck to paycheck, a missed shift or a sick day creates a budget explosion. The loss of income could mean a minimum payment is shortened or even a missed car payment. If this is your situation – you should call Geraci Law immediately.

Think about how much you are paying in just minimum payments. Are you paying off the balances or do you have a “Band-Aid” for a debt wound? Filing a Chapter 7 to eliminate your debt WILL help. Instead of cycling the credit use and debt, you can start a savings account. So if you have a sick day, you have a fall back plan that doesn’t include using the credit cards. Read more about stopping the debt cycle.

It’s not just missed time – it’s the medical bills. Even if you are insured, a trip to the hospital for flu-like systems could cost you copays. In addition, a trip to the hospital may not cover all the expenditures and testing.

Medical debt is DISCHARGEABLE with a Chapter 7 or Chapter 13 bankruptcy. You may be better off waiting until all treatment is received before filing. But that’s why it’s important to call and speak with an experienced professional at 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

Need a Car? File for Bankruptcy.

Need a car? Consider filing a bankruptcy FIRST with Geraci Law.

Need a Car? File for Bankruptcy.

Do you have bad credit and want a car loan? Good luck. Consider filing bankruptcy with Geraci Law BEFORE applying for a new car loan to deal with your other debt first – maybe including car repossession balances.

Some banks and dealerships prey on people with bad credit. You are pressured to buy something you cannot afford with a promise to “refinance later” or a trade in. If you return the car to the financer, you may find yourself with a lawsuit for the deficiency. If you STILL have the car, you might be paying for something that needs thousands in repair or that you are overpaying for.

So what to do? Bankruptcy with Geraci Law might be your best option. Think about your car loan. Think about your answers to the following questions.

–              Do I have a warranty on the car?

–              Is my interest rate over 20%?

–              Does the car pass emissions?

–              How much maintenance or work needs to be put into the car?

–              Is the car older than my kids?

–              Is my car loan more than 5 years?

You are probably OVERSPENDING on your car or your vehicle is NOT worth keeping when there are alternatives.

Car dealerships will promise you the world. They want to you to buy a car TODAY with the promise of refinancing after timely payments for a few months. Good luck.

That “refinance” the dealership is talking about—is likely NEVER to happen. Cars depreciate the moment you drive them off the lot. Most people do not build equity with timely payments– if your payment is high it’s most likely because your interest rate is high. Most timely payments are simply going to the interest on the loan NOT the principal.

If you turn the car in because you cannot afford it – you may owe a deficiency balance. The financer will sell the car and attempt to collect on the difference. You could be sued, garnished, have assets frozen – STOP these actions with a bankruptcy! Filing a Chapter 7 or Chapter 13 with Geraci Law can stop or prevent collections from your creditors.

After eliminating or consolidating your debt, you can apply for a car loan. You will be in a BETTER position to do so because you have NO other 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.