Geraci Law NOW taking cases in the Sunshine State!

Geraci Law is ready to help you file a Chapter 7 or Chapter 13 bankruptcy in the great state of Florida!

Geraci Law is ready to help you file a Chapter 7 or Chapter 13 bankruptcy in the great state of Florida. We’re bringing our same great service to help people in Florida.

According to Experian, the average consumer debt increased in Florida from $79,341 to $81,504! Do you feel like the debt will never end? It’s time to break the cycle! Read https://peterfrancisgeracilaw.com/2020/02/18/cycle-of-debt/

If you are making the minimums and not paying down the principle, maybe it’s time to look at an alternative approach. Attorneys are available by phone to talk about options.

Geraci Law offers a free consultation to figure a plan of action! It’s a simple phone call to 312.332.1800.

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.

How stupid is “debt settlement” from most non-attorney companies? Really stupid.

Phony debt settlement schemes make you poorer than you were before.

Read article below or more written by Attorney Peter Francis Geraci at https://www.infotapes.com/Articles.


An article in the May 23, 2021 New York times points out how stupid most debt settlement operations are for those struggling with credit cards. On page 39 the story of a single mother and her son is told. The story claims that this single mother is spending 100 a month on credit cards that are not included in another $300 she pays to a private company, to “bundle $27,000 in debt from nine creditors”

The story says that she was paying $246 every other Wednesday, but dropped it to $100 when she lost her 2nd job waitressing. Then creditors “got pushy” and one is taking it to court, and she “just got handed papers from another creditor the other day and started crying”

This sad. Poor lady is getting terrible advice. First, she will never pay back $27,000 in debt at either $500 a month, or $200 a month, unless she gets lucky and pays out that $100 for the next 10 years or more, and never misses.

Each creditor is dividing $200 a month, minus the fees to this “Debt Relief” company, so they might be getting $20 each. Second, look what happened. 2 of the 9 creditors actually filed lawsuits. Some “Debt Relief” Third, she could have filed a Chapter 7 bankruptcy for $200, and she would have been done with it all long again, and included the other debt she is paying $100 a month on.

It is plainly beyond her means to pay even $300 a month to creditors, given her precarious financial position. Not once does the New York Times mention bankruptcy relief, which is the obvious solution to her debt problems. The budget in the article doesn’t make any sense, either.

This is pretty typical of publications like the New York Times, who have some kind of weird agenda, telling stories that don’t help anyone understand how to deal with debt. Attorney Peter Francis Geraci of Geraci Law LLC sees examples of this all the time: well-meaning people getting fleeced by “debt relief” when they should be filing Chapter 7 or Chapter 13 bankruptcy.

How to Save Inherited Property from Foreclosure

Below is an article written by Attorney Peter Francis Geraci with instruction on how to stop foreclosure on an inherited property. Read more articles written by PFG at https://www.infotapes.com/Articles.

At Geraci Law, we sometimes have a client whose relative died, and they are an heir. For instance, Son is Mom’s only heir, Mom passes away, but Mom’s house is in her name, she left no will, and she had a $40,000 mortgage with payments of $600 a month.

Son obviously wants to get the title changed into his name, so he will have to file a lawsuit in Probate Court to get an Order Declaring Heirship and Distribution of the Estate.  This may take 6 or 8 months. In the meantime, Son finds out that the mortgage is a year behind, and the mortgage company his filed a foreclosure. 

Son wants to prevent the mortgage company from foreclosing, force it to accept a payment plan on the arrears, and force the mortgage company to accept payments on the mortgage going forward, since he does not want to pay it off. Son wants to keep paying Mom’s mortgage because he can’t refinance until the Probate Court transfers the property to him.

Good news. Son can file Chapter 13 to propose a payment plan on the past due mortgage payments, and force the mortgage company to accept his payments on mom’s mortgage in the future. 

One way to get the title to the property in Son’s name immediately, if there are other heirs who do not want any part of the property, would be to get all the heirs to sign an affidavit of heirship, identifying all the heirs and stating that they all agree on the transfer of the property to Son, and have them each sign on a warranty deed from them to Son. Then, record the affidavit of heirship at the recorder of deeds, and then record the deed.  Son now not only has an “equitable inheritance interest” that would enable him to file Chapter 13 regarding the property, but also title interest. Assuming Mom had no other property that required Probate, his problem is solved!

Many mortgages contain a “due on sale clause” stating that if the borrower dies or files bankruptcy, the full amount of the mortgage balance becomes immediately due. That clause is not enforceable, because of a provision in the Garn-St. Germain Act of 1982 12 U.S. Code § 1701j–3.”Preemption of due-on-sale prohibitions” which exempted inherited property from having a “due on sale” clause enforced. The Act does permit acceleration of a mortgage when property is sold, but not when a person dies and the heirs want to make the mortgage payments.

The other situations where a “due-on-sale clause’ can’t be enforced are when a home equity loan or other lien is placed, when a surviving joint tenant takes title, on transfer to a spouse or child of a co-owner because of divorce and the spouse or child will life in the home, or when a borrower transfers property into an inter-vivos living trust.

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.

Are You Ready For a Fresh Start in 2021?

Geraci Law can help you take back control of your finances. Filing for bankruptcy could give you a fresh start in 2021.

2020 is over (finally) and everyone is ready for a new and better year. But what are your options if you have debt you can’t afford to pay? Are you paying minimums only to use the credit again because your cash is gone?

Geraci Law can help you take back control of your finances. Filing for bankruptcy could give you a fresh start in 2021. A Chapter 7 bankruptcy could discharge or eliminate obligation to debt balances like credit cards, personal loans, medical bills, etc. You could keep things like your house and car – the only thing to lose is the debt!

Filing a bankruptcy could change your life for the better. It’s the elimination of the sleepless nights and worry about how and who is getting paid. Geraci Law is the firm to help you accomplish that goal. We’re here to help you figure it out.

It all starts with a phone call. Geraci Law attorneys are available by phone and offer same day meetings and case filings! You could improve your credit score, start saving money and put yourself in a better position in the 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 30,000 5-star reviews 5starsince November 2016!

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

Do You Live in a Bankruptcy Assistance Desert?

Below is an article written by Attorney Peter Francis Geraci titled, “Do you live in a Bankruptcy Assistance Desert?” You can read more articles by Attorney Geraci at https://www.infotapes.com/Articles.

Below is an article written by Attorney Peter Francis Geraci titled, “Do you live in a Bankruptcy Assistance Desert?” You can read more articles by Attorney Geraci at https://www.infotapes.com/Articles.

Do you live in a “Bankruptcy Legal Desert”? According to the American Bar Association’s 2020 Profile of the Legal Profession, you may. 40% of America’s counties have less than 1 lawyer per 1000 residents, and some have way less.

And it gets worse depending on what you need a lawyer for. An article in the Indiana Lawyer journal says “simply having lawyers in a county doesn’t guarantee they are available to the public”, because many work for governments or corporations.

Depending on what you need an attorney for, it may be a real problem. You may have to drive for an hour, or even longer, to the location of an attorney that is able to represent you in a specific matter.

Take bankruptcy, for instance. Outside of major cities, there are usually only 1 or 2 lawyers who practice consumer bankruptcy law. And often, they don’t do much of it, only a case here and there, and may do only Chapter 7 cases, not Chapter 13 repayment plans which are at least 1/3 of bankruptcy filings nationwide.

One reason is, once you get away from the “big city”, there aren’t a large number of bankruptcies, because the population is thinner. In sparsely populated areas, there may not be any lawyers for any particular kind of matter. The lawyers in those counties, therefore, don’t get the experience of an attorney who practices exclusively in bankruptcy court.

They may be excellent lawyers, but your options are very limited, both by the lack of lawyers, and the lack of lawyers who actually practice bankruptcy law. It used to be even worse for bankruptcy, because the bankruptcy courts are Federal courts, and usually only located in downtown office buildings in the largest cities, such as Orlando, Indianapolis, Chicago, and Milwaukee.

Chapter 13 trustees for an entire region of millions of people may be 2 hours away from those living outside the downtown areas. Lawyers, as well as clients, had to waste an entire day traveling to court, standing around waiting for a hearing, and getting back to the office or home. But not any more!

What happened? COVID! Lawyers and courts discovered Zoom, and learned how to keep the courts running remotely, or “virtually”. Geraci Law was providing remote, or “virtual” bankruptcy services to its clients for years. Geraci Law bankruptcy clients enjoy the Geraci Law “Client Corner” client portal, and can set virtual or office appointments, message their attorney, sign and upload documents, and even attend bankruptcy hearings, remotely, on their cell phones!

This means that if you live in a rural area, or even in a big city, you don’t have to battle rush hour, find a sitter, take a day off work, or drive an hour to find a bankruptcy lawyer.

All you need is your cell phone or computer. Geraci Law is available to help you virtually! Use the Geraci Law Office Locator at www.infotapes.com to find a virtual or physical Geraci Law office near you. Get your basic information by going to www.bankruptcybookbypeterfrancisgeraci.com and using the Search tool. You’ll find the answers to the most often-asked bankruptcy questions, before you call to become a Geraci Law client, and get debt-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.

Happy Thanksgiving from Geraci Law!

Have a VERY Happy Thanksgiving from All at Geraci Law. If you need us, call us at 800 CALL PFG (800.225.5734).

Have a VERY Happy Thanksgiving from All at Geraci Law. If you need us, call us at 800 CALL PFG (800.225.5734) We are open on Friday and Saturday for calls.

Great information at www.infotapes.com – you can learn about Geraci Law, bankruptcy, debt consolidation, and MORE!

New Infotapes are released – check them out at here!

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.

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.

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.

Chapter 9 – Is Bankruptcy Bad?

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

Chapter 9 – Is Bankruptcy Bad?

Below is an excerpt from Attorney Peter Francis Geraci’s Complete Book on Bankruptcy.

No. Owing money you can’t pay is bad. Money can be used for good or bad purposes. People end up without money because of circumstances beyond their control, or for other reasons. Bankruptcy merely adjusts the debt situation to 0 again. You start out even. You get a fresh start, while still keeping the necessities of life. But the prevailing attitude about bankruptcy is that is “bad.”

This is an interesting perception. The origin of bankruptcy can be found in ancient traditions, as found in the Bible, Deuteronomy 15.1: “In the 7th year, each creditor shall release his debtors. This shall be known as The Lord’s Release.” In the Old Testament, it was the policy that a debt could exist only 6 years, and should be relaxed or forgiven in the seventh year. The purpose was to prevent damage to society by allowing a debt to live forever. The lender was cautioned thereby to lend only as much as the borrower could reasonably be expected to repay.

There are other Biblical references to debt, such as St. Paul’s admonition in Romans 13:8; “Strive to owe no debt, except that debt that binds us to love one another.” I have found nothing in any religion that states that owing money to another is “good.” In the Koran, there is a prohibition against lending money at interest. In most Moslem countries today, Moslems borrow at no interest from “banks of the faithful.”

In modern times, lenders do not follow this idea. In an era where charge cards are sent out through the mail and applications are “pre-approved”, creditors lend money without regard to whether or not the borrower can pay it back. They cover their losses by charging huge rates of interest. I have seen contracts with interest rates as high as 53%. In olden days, this was known as usury. Technically, any lending of money at interest is known as usury. But, until modern times, it was the money lender, or usurer, that was bad, not the poor person who had to borrow.

Of course, capitalism could not exist without the practice of lending capital and charging interest. But bankruptcy laws provide a legitimate, legal, and moral safety valve for the excesses of the credit system. Now, you don’t have to join the French Foreign Legion, disappear to Australia, or blow your brains out, to escape from your creditors. Bankruptcy was so important to the Founding Fathers of the United States, that, when the U.S. Constitution was written in 1787, they directed Congress to make uniform bankruptcy laws. Article III, Section 8 of the United States Constitution states: “Congress shall make uniform laws relating to Bankruptcy.”

Bankruptcy is therefore more fundamental to the United States of America than the Bill of Rights, and such things such as freedom of the press, and freedom from unreasonable searches and seizures.

The United States Bankruptcy laws are part of the Federal Code. They were passed into law by the United States Congress, our elected Senators and Representatives. All bankruptcy in the United States is governed by federal law, and the procedures are as much a part of our society as lending money at interest.

After the American Revolution, when the first Continental Congress met in 1787, one of the topics debated was whether or not to have a uniform bankruptcy law. Many of the American settlers had to run from creditors in England. They had to leave the country to avoid being thrown into debtor’s prison. Each American colony had different laws relating to collection of debts. Some had provisions that a person could be jailed for debt, and some, like the colony of Georgia, were havens for debtors and had laws which prevented bad treatment of people who owed money

There was little disagreement between the Founding Fathers of the United States of America, when it came to having a bankruptcy law. Freedom from debt was important, and so was the ability to start fresh. Therefore, in the United States Constitution, Article III, Section 8, we find the provision, “Congress shall make uniform laws relating to bankruptcy.”

However, the banking lobby was so strong that each state kept their own bankruptcy laws until 1898, when the U.S. Bankruptcy Code was passed. It was modified greatly in 1978 to deal with the amazing amount of consumer credit, and is constantly being tinkered with by Congress to balance the interests of those who lend money, and those who borrow it.

Abraham Lincoln was a bankruptcy lawyer. In Springfield, Illinois, Old Abe filed about 1/2 the bankruptcies in Illinois in 1842. 1/2 of his legal work involved debt cases.

It is to the advantage of moneylenders, to use public relations techniques to convince the public that bankruptcy is bad, and to make it something that is bad or evil. I agree that you should not discharge your debts until it is absolutely necessary, but there is certainly nothing wrong or illegal about it. No one comes out to your house and takes your clothes. No one paints a big “B” on the sidewalk in front of your house. In fact, no one is interested.

If you find yourself with no savings, nothing left over after you pay your rent, mortgage, food and utilities, and still have bills to pay, you should consider taking advantage of the fresh start provisions of the bankruptcy law. Bankruptcy is like getting a fresh start. Your debts are forgiven, except those that you want to continue to pay, and you can start saving money and doing things the right way, instead of suffering because of the credit trap.

People come into my office and ask, “What will happen to me if I file a bankruptcy?” No one ever came in, when I used to be a general practice attorney, and said, “What will happen to me if I don’t have get convicted for running a red light?” They never said, “What will happen to me if I sell my house?” But people who are being chased by bill collectors sometimes feel that they should not be able to get relief and that they will be punished if they get a fresh start. They do not realize that a big part of bankruptcy laws is forgiveness.

Nothing will “happen” to you if you file a bankruptcy. You won’t suddenly become rich and famous, or popular, or beautiful or handsome, and, on the other hand, you won’t suddenly be miserable and an outcast. One out of every 22 Illinois families will file for some type of bankruptcy relief, on the average, and in some states, the average is higher.

So, if you have problems with bills, getting the proper advice from a bankruptcy attorney as to whether or not some type of bankruptcy relief would make your life better, should not be looked on as bad. You should think of it as provision in the Federal laws that was put there by Congress to help people get out of 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 30,000 5-star reviews 5starsince November 2016!

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