Debt Surges and So Does Inflation

Geraci Law reports increase in pressure on retired workers!

Read the press release below from Geraci Law – you can read additional news @ https://www.infotapes.com/Press.

As if we can’t see it ourselves, the Federal Reserve reports that consumer debt levels increased 14% in March 2022. Credit card debt and other revolving debt increased by 21.4%.

Revolving credit, which includes credit cards, surged by 21.4%.

Food is up 10%, and gas is up 25% over a year ago. Pension payments have not increased, the stock market is down 20%, and social security payments are up only 5% or less.

At Geraci Law, we have seen this cycle before. Geraci Law is one of the oldest and largest debt relief agencies in the country, with roots going back to 1977. This data indicates that the cost of living will increasingly outstrip the ability to pay debt, in the coming months.

“It usually takes 2 years for consumers to realize they should eliminate or consolidate debt using either Chapter 7 or 13”, says Geraci Law founding member attorney Peter Francis Geraci.

“Bankruptcy filings are at a historic low, and borrowing is at a historic high, with the good feelings of a stock market bonanza all but gone.” Geraci Law is seeing an increase in Chapter 13 debt repayment plans filed by retired persons, and those approaching retirement. “Retirees and fixed income individuals are the canaries in the coal mine, the first to suffer from inflation and high debt repayments”, said Mr. Geraci.

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 35,000 5-star reviews 5starsince November 2016!

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

How to Retire with a $250,000 Pension!

So, if you’re smart, you’ll think about filing Chapter 7 now.

And retiring “rich” with a $250,000 pension that will give you an extra $2000 a month when you are old, until you are 92.

Are you over 50, and don’t have a pension? According to a report by the Retirement Equity Lab, over 1/3 of older Americans are just like you… doomed to retire on Social Security.

It’s even worse if you have debts you are paying, even though you could get rid of them now, and start funding an IRA for yourself.

Minimum payments on credit card debt of $500 a month will keep you in debt for the next 23 years. Read your credit card statement, it tell you. How old will you be then?

If you qualify to file Chapter 7 bankruptcy for only 4 payments of $500 or so, you will have no credit card debt on discharge 4 months from now.

You can then put 500/month into an IRA, or $6000 a year for yourself that you would have just paid out for interest.

Adding another $500 to it to reach the max contribution of $6500, and doing that for the next 23 years instead of paying $500 a month on debt, gives you $149,500 at age 72.

And that’s if you weren’t smart enough to buy a “blue chip dividend paying stock” every month, which would have given you another $100,000 in market gains and dividends without taxes.

So, if you’re smart, you’ll think about filing Chapter 7 now. And retiring “rich” with a $250,000 pension that will give you an extra $2000 a month when you are old, until you are 92.

Call Geraci Law to get out of debt fast, and “get rich slow”.

Hit the “Fresh Start Button” now! 1-800-CALL-PFG or log on to 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

Reach Financial Goals With Geraci Law

Chapter 7 bankruptcy is a GREAT way to discharge your debt. You can discharge your credit debts, medical bills and remaining balances after repossessions.

Reach Financial Goals With Geraci Law

Chapter 7 bankruptcy is a GREAT way to discharge your debt. You can discharge your credit debts, medical bills and remaining balances after repossessions. It puts you on track to reach your financial goals.

Think about it. You are making your minimum credit payments every month, but then USING the same credit because your cash is gone. Add high interest rates and you are in the middle of a vicious never ending cycle of credit use.

Take how much you are spending in minimum payments every month. Take the credit card monthly minimums and multiple it by 12. This is how much you are paying EVERY YEAR in credit card minimums.

This is money you are giving away to the banks. Invest in YOUR future instead of the banks. At $1,200 in minimum credit payments per month – that’s $14,400 per YEAR you could put toward retirement, down payment on a house, buying a car for cash. It’s an opportunity to create a better situation for you and your family.

Geraci Law is here to help you REACH your goals. Our attorneys and staff make the process hassle-free so you can focus on your 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.

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.

 

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