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.

Geraci Law Reviews

Clients love Geraci Law – read some REAL reviews.

Geraci Law Reviews

MELAttorney Mark Levine

I am a repeat Geraci Law client and I would absolutely recommend them to anyone! I came back after 10 years and was able to see my same attorney Mark Levine which made me very happy. Geraci & Mark provide excellent service. They are punctual and polite and professional and they are always attentive to our questions. They have answers for whatever questions we have. Definitely recommended!

 

MEGAttorney Megan Hayes

I wanted to say thank you to Meg and Marc. Since I sat down with Marc originally, he took the time and effort to really treat me like I was his own brother. He was really passionate about helping me. Both Marc and Meg helped me get my life back on track. No one communicates like they do. They are on point. They make sure I don’t forget about anything. With everyone busy these days, it’s truly comforting to have a company who cares that you are on track with your future. You are all very personal and I thank you for that!

 

MAAAttorney Marc Affolter

Since I sat down with Marc originally, he took the time and effort to really treat me like I was his own brother. He was really passionate about helping me. Both Marc and Meg helped me get my life back on track. No one communicates like they do. They are on point. They make sure I don’t forget about anything. With everyone busy these days, it’s truly comforting to have a company who cares that you are on track with your future. You are all very personal and I think you for that!

 

KUL

Attorney Christine Kuhlman 

I had put off contacting a bankruptcy attorney out of fear of the process and the unknown. I didn’t want bankruptcy to turn my life upside down. At the same time, I was constantly stressed about my debt and whether I was on the verge of having my life turned upside down because of my inability to pay creditors.
After my initial phone call to Geraci Law I was contacted by Attorney Christine Kuhlman and we scheduled a video call. Inside of mere minutes of our call I felt confident that I was in good hands. My nerves settled down as Attorney Kuhlman explained the process and answered my questions. I followed her instructions as we stepped through the process. I was pleasantly surprised at how quickly things moved along. It became clear that bankruptcy wasn’t going to be some long, seemingly endless process that I feared. I felt empowered.
The Client Corner proved to be an excellent tool through which documents were provided and exchanged. Keeping track of what I completed and needed to complete next was easy and effortless on my end. At no point did I feel that my case had fallen aside. It seemed that Attorney Kuhlman handled my case in the same manner that she would handle her own. Now that my case is ready to file (a mere week after first contact) I can stop wasting energy worrying about my financial future as though it were a lost cause. I feel that I have a large part of my life back.
Thank you Attorney Kuhlman and 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.

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.

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.

NYT Article Bankruptcy Now, Not Later

Geraci Law is a bankruptcy firm ready to help you NOW and not later. Read New York Times article to learn more about bankruptcy.

In a recent piece published in the New York Times, the advice is to NOT wait to speak with a bankruptcy attorney. If you are struggling with the debt, if you are living paycheck to paycheck – it might be time to stop throwing good money at bad debt.

Geraci Law does FREE consultations to review your options. You will ONLY meet with an attorney and we will try to determine your path to becoming debt free.

It’s a powerful tool to SAVE money instead of relying on high interest credit cards. Bankruptcy could be your first step to achieving that goal.

You can read the rest of the article at https://www.nytimes.com/aponline/2020/05/04/business/ap-nerdwallet-liz-weston-consider-bankruptcy-now.html

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 Reviews

Geraci Law clients do not say they filed bankruptcy – they filed THANKRUPTCY!

Geraci Law Reviews

LAV

Attorney Lavita Ball, Merrillville Office

“I had a wonderful time filing bankruptcy (who says that lol). Rodney and Lavita eased my fears and answered all my questions. They were very patient with me and we laughed the whole time I was there. The process wasn’t as intimidating as I initially thought. These 2 are KEEPERS!! Thanks for making this experience a good one for me. HIGHLY RECOMMENDED!!”

MOKAttorney Wylie Mok, North Chicago Office

“I love this firm, it’s the best thing since ice cream. Wylie at the Cicero office was patient when I was going through some issues and he exceeded all my expectations. It gives me great pleasure to commend Geraci Law for their service. Wylie is a true professional. On a scale of 1 to 10, I would give Wylie a 12. He took away all the drama, stress, and sleepless nights away and did it all with a smile.”

SJGAttorney Scott Greenwood, Gurnee Office

“Scott was patient with me and very knowledgeable. I was so nervous when I came in and Scott told me I didn’t have to be. That the hardest part is making the appointment and coming in. He was right! Thanks Peter Francis Geraci!”

 

FELAttorney Felicia Petroff, Milwaukee Office

“Felicia was very straight forward, compassionate and honest with me from the beginning. She explained everything so I would know what to expect through the entire process. She never came across as judgmental and was sensitive to my circumstances. I also worked with Abe when it came time to fill out all my paperwork and get everything ready to actually file my bankruptcy. He was great to work with, he answered all my questions and made sure I understood everything that was going to happen leading up to my 341 meeting. I would recommend Geraci Law and their great team of attorney’s to anyone looking to file 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.

Geraci Law Links to Use

Links and resources for consumers during uncertain times. Geraci Law can help!

Geraci Law wants to be a resource during these uncertain times. Below are a couple of links to help. You can find MORE information at https://www.infotapes.com/Links#Covid1.

If you need someone to talk to, Geraci Law is here. Our financial experts are ready to review your situation.

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Illinois Unemployment Information  

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Indiana Unemployment Information

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Wisconsin Unemployment Information  

IllinoisRealtors-logo

Information for Realtors and other 1099 Employees

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Information for Servers and Bartenders  

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.

 

Fun for the Family!

Geraci Law wants to provide resources during COVID-19 uncertainty. Activities for the family during shelter in place.

Fun for the Family!

Below are a couple of web sites from Geraci Law with activities to do with the kids (or without). Geraci Law wants to be a resource to you to help during these uncertain times.

You can see more web sites and resources at https://www.infotapes.com/Links#Covid1

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Virtual museum tours from Travel & Leisure.

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NASA has activities for kids to learn about space and the NASA programs.

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Scholastic has learn at home activities for kids.

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

Help with Application for Unemployment

Geraci Law wants to provide resources during COVID-19 uncertainty. There’s an APP that helps streamline the unemployment process.

Long hold times are wreaking havoc for people waiting to apply for unemployment benefits. You could wait HOURS before you are able to begin the application process. Geraci Law wants to provide everyone resources to provide clarity during these uncertain times.

An app called “Do Not Pay” is available on IPhones and Androids as a free download. “Do Not Pay” is an app that can help expedite applying for unemployment. This service is free to use.

To apply for unemployment, you will need:

  • Your Social Security number
  • Copy of your Driver’s License or State ID
  • Paycheck stub or W2 from your LAST employer
  • Last employer’s supervisor name
  • Reason for reduced hours or unemployment claim
  • Bank account and routing number
  • The name, how long and the hourly wage from ALL employers in the last 18 months.

The Today Show featured “Do Not Pay” as part of its segments.  You can watch the segment by clicking the link here.

You can check out more useful COVID resources from Geraci Law by clicking the link below:

https://www.infotapes.com/Links#Covid1

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