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 since 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.

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.

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.

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

When Should I File For Bankruptcy?

Use Peter Francis Geraci checklist to determine if NOW is the best time to file!

When Should I File for Bankruptcy?

Below is a checklist from Attorney Peter Francis Geraci’s Bankruptcy Book. Use the checklist to review if now is the best time to file for bankruptcy.

Read more of The Complete Book on Bankruptcy by Attorney Peter Francis Geraci at www.bankruptcybookbypeterfrancisgeraci.com

Three or more apply to YOU, you should call us NOW.
Five or more apply to YOU, then you should have called us months ago.

_____My debt is over $10,000 not including a car or house.

_____My payments are over 25% of my take home pay.

_____I am frequently late on my payments.

_____I pay 20% interest on my debt.

_____I buy necessary items like food or clothing on credit.

_____I frequently get cash advances.

_____I am thinking about getting a loan to pay other loans.

_____ I have a lawsuit and over $10,000 in other debt I can eliminate.

_____Collection agencies are calling me.

_____I am “robbing Peter to pay Paul.”

_____My balances are not going down even though I make payments.

_____I have been turned down for more credit.

_____Payments are more than 1 month behind on more than one bill.

_____My driver’s license is suspended because of an accident.

_____I am working but paying other debts so I can’t afford car insurance.

_____My mortgage or rent is always late, or is behind.

_____We are getting divorced and have too many bills to pay.

_____I have medical bills over $20,000 that are not insured.

_____There is a garnishment or wage assignment on my check.

_____I owe income taxes I can’t pay now.

_____My car is worth much less than I owe.

_____I have no savings.

Either way, Geraci Law offers a free consultation if bankruptcy solves your problem. Don’t wait until creditors file a lawsuit, don’t wait until your savings are spent and do not wait until a car is repossessed. BREAK THE CYCLE!

Read ALL ABOUT DEBT RELIEF at www.bankruptcybookbypeterfrancisgeraci.com

Break the CYCLE of DEBT!

Let Geraci Law help you break the “CYCLE OF DEBT!”

Break the CYCLE of DEBT!

The “CYCLE OF DEBT” is overwhelming and burdensome. You get into a vicious circle of PAYING your minimum payments but then are forced to use credit for essentials like groceries, gas and others.

You continue to pay and then spend and then pay and then spend. Once you add in interest, a small bill turns into a very large snowball. Geraci Law can help you STOP the cycle! We can help credit counsel and create a budget for you after filing for bankruptcy. Sometimes it’s a simple as saying, “I need help.”

Not sure? Don’t know how much credit costs when you are only making minimum payments? Take a look at your credit card statement. You should see something like below.

In the example above, by making ONLY the minimum payments, it will take 15 years to pay off the debt! Look at the number next to the time, the $3,666.42 balance increases to $9,693. It’s nearly THREE TIMES the amount borrowed.

Filing for bankruptcy STOPS the cycle. You eliminate your debt and put yourself on better financial footing. Instead of using credit cards, you can use the cash you are spending on minimums. Instead of paying nearly $6,000 in interest, you could SAVE money.

You should never budget or financially plan based on the hope things will get better in the future. Break the cycle and consider bankruptcy. Geraci Law is here to help YOU deal with the present. We’re here to figure out a solution to your debt problem and assist you in getting back on track financially.

Read ALL ABOUT DEBT RELIEF at www.bankruptcybookbypeterfrancisgeraci.com

What Happens to My Credit?

Geraci Law answers 5 common questions about credit after filing for bankruptcy. What is “good” credit?

What Happens to My Credit?

Geraci Law answers 5 common questions about credit after filing for bankruptcy. What is “good” credit?

When can I apply for credit?

You can apply for credit after your case is discharged and closed. But should you apply for credit? You do not want to find yourself in the same position you just discharged in bankruptcy. You are a credit risk immediately after filing for bankruptcy. Creditors KNOW you filed for bankruptcy and after bankruptcy you have limited bankruptcy relief options. These creditors prey on you because you are a credit risk so you WILL get loan offers.

Any credit preapproval you receive will usually come with high interest rates. It may be better to NOT use credit. SAVE money, make house/car payments ON TIME, stay away from the high-interest credit debt and personal loans.

When can I buy a house?

You can apply for a home loan after your case is discharged and closed. Some people are approved while they are IN a bankruptcy. FHA loans might be an option. For a conventional loan, usually its two years after a bankruptcy discharge. Geraci Law is here to help with the process. If you need your bankruptcy paperwork – YEARS down the road, you can log into your Geraci Law Client Corner account to print. You can also search Geraci Law in your app store on your phone to download our Geraci Law app.

What happens to my credit score after filing Chapter 7? Chapter 13?

In your post-bankruptcy life, you should focus on rebuilding financially. Start with a savings account and build an emergency fund. If you have a car payment or mortgage payment, continue to make those payments ON TIME to work to reestablish a payment history.

You will get credit offers in the mail – do your research! Look at the interest rates – if you are going to use the credit, then make sure you pay off what you borrow every month. Do not accept the first offer that comes your way. Review the small print, stay away from the predatory lenders.

When can I buy a car?

After the bankruptcy is discharged and closed you can buy a car. If you are in a Chapter 13 right now, you need court approval if you are looking to FINANCE a vehicle. Craig’s List is a great option to buy a car for cash. You’ll get advertisements from car lots in the mail after bankruptcy – make sure to review the terms. Avoid the high interest, older vehicles without a warranty.

How do I rebuild credit?

Pay all of your bills on time! Timely payments prevent late charges and helps you reestablish a payment history.
Make sure all of your creditors are reporting to the three major credit agencies (Experian, Transunion, Equifax).
Dispute incorrect items on your credit report. Don’t ignore your credit report! All agencies have options to dispute right on their web site, make sure to follow up.
Make a large down payment – making a large down payment on any kind of credit make lenders more likely to grant a loan. Your goal should be to put down 20% of the total cost.
A small secured credit card is a really great way to build credit with very little risk.

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 since November 2016!

Read ALL ABOUT DEBT RELIEF at www.bankruptcybookbypeterfrancisgeraci.com

Debt Settlement & Consolidation – What You May NOT Know

You see the commercials. You get the ads in the mail. Debt Settlement or Consolidation. When something seems too good to be true, it often is. Many of these “programs” turn out to be scams or schemes.

Sometimes, there ARE cases where debt settlement makes sense. Geraci Law can help! You can meet with an attorney for FREE to determine your BEST plan of action.

What they don’t tell you about debt consolidation:

Anything settled CAN BE taxable income. If you settle a $10,000 bill for $1,000 – the difference or $9,000 can be considered taxable income. So at the end of the year, you may receive a 1099-C form from the creditor. Debt discharged in a bankruptcy is NOT taxable income.

Some creditors do NOT settle. Debt settlement or consolidation is NOT a guarantee. There is no law that forces creditors to accept a smaller payment. If you file for bankruptcy, you are using federal law to get financial help. There are laws in place to protect YOU. Geraci Law is here to help you get control over your finances.

Your credit still takes a hit. Some agencies will tell you to stop paying the debt and let it go into collections. Then they will work with the collection agencies for a settlement. This takes TIME. You will get collection calls and maybe even SUED by the time the agency attempts to settle. With Geraci Law, you can file in as little as ONE day to stop all collections. This means no phone calls, no lawsuits and no more debt.

No time frame. There’s no time frame for debt settlement or consolidation. At best, they can give you an estimate but it could go longer. A Chapter 13 debt repayment is structured into a three or five year repayment plan. You have a structured plan in place rather than an indefinite amount of time. Geraci Law will help you determine the fastest way to get control over your financial situation.

Creditors CAN still sue you. That’s right, there is no legal protection with debt settlement or consolidation programs. If a creditor refuses the settlement offer, they could file a lawsuit in attempt to get a judgment or garnish your wages. Bankruptcy STOPS the collections. Creditors violate Federal statutes if they file lawsuits against you or even continue to call you while under Federal Bankruptcy protection. You hire Geraci Law and we help you from the initial phone call until the end of your case.

Read ALL ABOUT DEBT RELIEF at www.bankruptcybookbypeterfrancisgeraci.com

What Can a Chapter 13 Do For Me?

Worried about your driver’s license? Is the repo man knocking on your door? Have you been served with a foreclosure summons? Geraci Law is here to help solve your problem with a Chapter 13 bankruptcy.

What Can a Chapter 13 Do For Me?

Chapter 13 bankruptcies are debt repayment plans. You are consolidating debt to fit YOUR budget. A Chapter 13 bankruptcy can:

STOP foreclosure
STOP vehicle/property repossession
STOP wage garnishments
LIFT driver’s license suspensions for parking tickets, red light tickets

The payment plan is based on your debt, income and assets. We can create a plan to get you back on track. If life happens and something changes DURING your Chapter 13 plan, our team is here to figure out a solution.

Some attorneys file the case and then disappear. You talk to voice mail instead of a live person. At Geraci Law, we are available to figure out a solution. Our staff is available to YOU.

The best part? A Chapter 13 bankruptcy is the EXACT same fee no matter what law firm you hire. You pay the same price if you hire an attorney who has NEVER filed a bankruptcy petition or a Geraci Law team of attorneys with over 40 years of bankruptcy experience.

Wait, it does get better. If you are working full-time with a steady source of income, you could qualify for no-money down. You get the FAST relief without the worry of coming up with a lump sum of attorney fees. We can do your case in a day. Call Geraci Law – we’re ready to solve your problem.

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

Retire Your Debt – Don’t Withdraw!

Retire From Your Debt With PFG

Many young people (as many as 6 out of 10 ages 18-34 from a E-Trade study in 2018) are taking money from retirement accounts to pay debt! The money is there so you CAN retire. Instead of raiding the retirement account, think of bankruptcy with Geraci Law.

Geraci Law attorneys and staff are financial experts. We’re here to figure out a plan to help with your debt WITHOUT withdrawing loans from 401Ks or other retirement accounts. You get control of your financial situation without paying the HUGE penalties and tax consequences for the early withdrawal.

Chapter 7 bankruptcy can eliminate your obligation to the debt. Geraci Law can help you protect assets (like a retirement account) and eliminate debt like credit cards, medical bills or personal loans. A Chapter 13 is a repayment plan to PAY the debt and make it affordable.

Make a hardship or 401K withdrawal your last resort. Do not take money from retirement unless you are RETIRING. Call Geraci Law first – our bankruptcy experts can help!

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

Debt Worry? Call Geraci Law.

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Happy St. Patrick’s Day From Geraci Law!

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

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Need a Car? File for Bankruptcy.

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When Should I File for Bankruptcy?

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Break the CYCLE of DEBT!

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What Happens to My Credit?

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Debt Settlement & Consolidation – What You May NOT Know

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What Can a Chapter 13 Do For Me?

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Retire From Your Debt With PFG

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