President William McKinley – The Cosigner Who Filed

William McKinley was elected President in 1897.  Filing for bankruptcy in 1893, while he was governor of Ohio, didn’t stop him at all! He ran for president 4 years after filing, and won! And it William McKinleyshouldn’t stop you!

McKinley co-signed on a $130,000 loan for a friend to keep a business open. The friend’s business closed and McKinley was left with the debt. McKinley filed bankruptcy under the Bankruptcy Act of 1867. Back then,   bankruptcy gave you protection from garnishment while paid back creditors, much like Chapter 13 today. 

Voters did not care about McKinley’s financial problems. He was reelected governor and then elected twice as President of the United States. McKinley sought help for his financial problems.

Presidential HatHave you cosigned for a friend or family member?  Then they defaulted, and the creditor is coming after you? Were you left holding the bag? Co-signing debt makes you as responsible as the other person. If they can’t pay – you owe!

If you are a co-signer and your co-signer is still paying, but you need to file either Chapter 7 or 13, you don’t want your bankruptcy to affect their debt.  Ask Geraci Law how we can help.

Whether you are the co-signer who is primary on the debt, or the one who is secondary, Geraci Law knows how to handle either Chapter 7 bankruptcy or Chapter 13 debt repayment, and co-signed debt. Prez

Talking about financial problems is the first step to getting help. Geraci Law helps thousands of people just like you get financial relief from creditors. Maybe eliminating the debt could be your first step to the presidency!

If you are working full time, and have debt, just dial 1-800-CALL-PFG for a free phone mini-consultation or log on to www.infotapes.com  to make appointments online 24/7.

Read more at www.bankruptcybookbypeterfrancisgeraci.com

Can I get rid of student loans in bankruptcy?

Can I get rid of student loans in bankruptcy?

Clients come to Geraci Law for multiple reasons.   They want ANSWERS!   They want answers they can rely on.  Geraci Law has over 60 attorneys who understand every aspect of student loans in bankruptcy and how to discharge student loans OUTSIDE of bankruptcy!

How to get rid of student loans OUTSIDE of bankruptcy:  If you are on Social Security Disability, apply for an “administrative discharge”. You will have to show thesGSL Imagee things:

  1. You must have a federally insured student loan. This doesn’t work on private loans or tuition.
  2. You must be on Social Security Disability: permanently disabled for any kind of work
  3. You can’t have any other assets, such as a pension or 401K.

So, you don’t need our help if you are totally disabled, and Social Security says so, and you have no assets.

If you are NOT totally disabled for any kind of work, permanently, you cannot eliminate your student loans in bankruptcy:  you should look at income based repayment, or getting rid of your other debt.  Here’s how:

How to get rid of student loans USING Bankruptcy:  Get rid of the other debt so you can pay down your non-dischargeable student loans!

GSLIt’s very hard to get a discharge of student loans in either Chapter 7 or 13 bankruptcy.  Almost impossible.  But here’s what Geraci Law did for this client who came in with overwhelming medical bills and student loans.  We filed Chapter 7 to discharge her medical debt and a repossession, so she can now pay her student loans!  She is working, she can’t discharge them, but she got rid of all her debt BUT the student loans. She is making good progress on them now that she has no other debt.  Geraci Law gets a 5 star review!

I went to these attorneys after being Debt with student loans and hospital bills they were there right there by my side. Several times they informed me a what was needed an on the spot at all times I am so pleased with these people I must say thank you thank you and thank you!

If you are working full time, and have debt that is keeping you from paying down your student loans, just dial 1-800-CALL-PFG (800-225-5734) for a free phone mini-consultation,  or log on to infotapes.com to make appointments online 24/7.

Read more at www.bankruptcybookbypeterfrancisgeraci.com

Why is bankruptcy like baseball?

Geraci law knows how you feel when you’re in debt. Studies have shown most folks who would rather talk about their toilet habits or sex life than how much money or debt they have. Does this sound like you? You are 60 years old and live with a lot of economic uncertainty. You and your husband fight about money, often regret the purchases you make, and save nothing for retirement? Worse yet you have little or no pension, and you’re worried about healthcare?Baseball

For sure, you don’t know anything about the law, and you know even less about bankruptcy law. Bankruptcy is the Great American Law. Bankruptcy and baseball both start with the letter B.

Bankruptcy is a lot older than baseball.  The first officially recorded baseball game in U.S. history took place on June 19, 1846, in Hoboken, New Jersey: the “New York Nine” defeated the Knickerbockers, 23–1, in four innings

So you probably know a lot more about baseball than you know about bankruptcy. Bankruptcy and baseball are both good things. Baseball allows you to forget your troubles for 9 innings, and root for your home team. Bankruptcy allows you to get out of debt and get a fresh start so you’re not paying off old debt with money you should be saving for your retirement.

To find out more about bankruptcy and how it can

  • get you out of debt,    FlipBook
  • repay debts with NO interest
  • keep your pension, house, SUV and savings
  • allow you to save money,
  • protect your tax refund,

and more importantly, give you a sense of peace and financial freedom, dial 1 800 Call-PFG (800-225-5734), or visit infotapes.com. You can even read our new flipbook the complete book on bankruptcy by Peter Francis Geraci!

Make an online appointment 24-7 or get a free phone mini-consultation 7 a.m. to 7 p.m.

 

Peter Francis Geraci & Geraci Law Support the Indianapolis Legal Aid Society

cropped-blog-header-140517.pngPeter Francis Geraci and Geraci Law L.L.C. donated to the Indianapolis Legal Aid Society.  The legal society provides legal services for individuals who qualify as low income.

Counties involved in the Indianapolis Legal Society include: Boone, Hamilton, Hancock, Hendricks, Johnson, Marion, Morgan, and Shelby counties.

ILAS handles matters ranging from Bankruptcy, housing matters, debt and even matters concerning families.  According to the Indianapolis Legal Aid Society website, lot of their family work involves: adoption, paternity, visitation, guardianship, support, custody, and divorce.

Services are provided to individuals with income less than 125% of the federal poverty guideline.  You can see the guideline for 2015 by clicking this link.

An advocate for helping those in need, Attorney Peter Francis Geraci recently accepted a pro bono appointment in East Moline.   You can view the article here.  Mr. Geraci and his Wife, Holly Geraci, also support a number of local charities and have raised over $60,000 under their website helphollyhelp.com.

 

What Geraci Law Does for Clients

What clients say about us:

I would like to say. You have been one of the nicest, most upstanding person I have ever met when people are down and at their lowest you sure do understand what it means to be there. I want to thank you for everything you and your office has done for me. You all have made a very hard time in my life easier. I have spoken highly of you to many people and given out your business cards. I will definitely do the things that you have asked me to do. Thanks again from the bottom of my heart.  Lisa -Portgage, IN

I’m a low income single mother of four children. I messed up my credit not knowing the importance of it. I inquired Peter Francis because of the constant advertising of the firm. Lawyer Jason Shimotake was very pleasant and let me make a very affordable down payment…trust me when I say these guys are great. If you can’t make your payment this firm will happily work with you. Talk about professionalism? I mean I felt like I already paid in full because I was treated as such. Starlette – Chicago, IL

Nice Things Geraci Law Staff does:

Geraci Law attorney Mario Arreola reports: A client signed up to file a Chapter 13 to prevent the City of Chicago from suspending her license for parking tickets. She had planned on going to one of our main competitors, but former co-workers from USPS told her no – go to Geraci Law instead! I also showed her a typical Chapter 13 plan from this other firm. This firm has a reputation for filing Chapter 13 plans with a low initial payment, then increasing the payment after filing because the plan is underfunded. I told her to let me know who the co-workers are and will give her credit for a discount.

She said, “Praise the Lord for PFG and her friends who referred her.” Little by little, the tide is turning against sub-par bankruptcy firms; their reputation will suffer as more people find out about their shabby work and misleading sales tactics. We file Chapter 13 plans that are designed to succeed, instead of plans that are doomed to fail.

Geraci Law paralegal Haddassah Mendoza reports: I helped a Spanish speaking client to his 341 Meeting of Creditors.  He’s a bipolar Spanish speaking client. I’ve spoken to him many times and he’s had good days and bad days. I was concerned he would be nervous and scared. Those normal fears could be exacerbated by his condition and not understanding the language without someone to translate.  I know the court has an official translator at the 341, but our clients have questions from the moment they get off the elevator. Waiting can be very difficult and lonely.  They don’t know what to expect, they especially worry about feeling shamed about filing.   I also knew he didn’t have anyone going with him.  It felt great to be there for him; ease his fears, talk him through what was going on.

Geraci Law supports Bowen High School College-Bound Seniors

Bowen High School has over 50 seniors off to college in a few months who can use your help. Go to http://www.gofundme.com/858jkg to contribute! Even $20 helps. Geraci Law contributed $2000 to the Bowen High School Senior fund set up by former Asst. Principal Nia Abdullah. And thanks to the Chicago Sun Times’ reporter Sue Ontiveros for the publicity!

How to get a car you can afford after bankruptcy

If you have a vehicle payment that is too high, it may be that you “rolled over” the balance on a vehicle you traded in, paying that off with part of the new loan. That means you are “upside down” and owe more than the vehicle is worth. That means your payment may be more than you can afford. Geraci Law helps our clients by developing relationships with honest car dealers who can sell you a vehicle you can afford at a payment you can afford. Here is what Gino Amoroso of Motor World in Glen Ellyn, Illinois has to say about working with Geraci Law clients:

Hello Scott,  Just want to say thank you & keep you informed on how things are going. Currently this month we have sold eight customers referred by Geraci Law Firm: all were completely satisfied. The buying experience here at Motor World is the fast approval process and polite professional sales reps that create the ultimate buying experience. As an example today we did a complete brake job (pads & rotors) on a car we sold two months ago that was never promised to the customer: its the extra mile we go to keep our customers happy. As a result of our work ethics we are on target to hit a hundred sales this month, We enjoy a great working relationship with you and your organization Scott! That’s it.
Gino Amoroso http://www.mwcars.com