Bankruptcy Attorney News – Peter Francis Geraci Law, call us at 800 CALL PFG

Can I file bankruptcy without my spouse or partner?

Below is an article from Attorney Peter Francis Geraci. Read more articles @ https://www.infotapes.com/articles

My spouse has separate bills from mine, I don’t want my bankruptcy to affect their credit score.

What if wife has $40,000 in credit cards (minimum payment $1000 a month for next 30 years if she never uses them) and a car loan in her name. She makes $60,000, and so does her husband, who has no bills except a car in his name only. So the household income is $120,000.00. Can the wife file her own bankruptcy and not affect the husband?

Answer: Yes if she wants to pay the credit cards with no interest at $800/month for 54 months or less. The answer for Chapter 7 is also Yes if she has kids from a previous marriage, files her own tax returns, and doesn’t keep joint accounts with the husband. But for Chapter 7, if she files jointly with husband, has no kids or they have one together, they “mingle” their income as well as expenses, so she probably does not qualify for Chapter since the “mingled” or “joint” income is $120,000, above the median income for a family of 3, because President Biden and Senator Grassley got a “Means Test” enacted into bankruptcy law. That says “if you have the “means” to pay your debt, you should”. Geraci Law is expert on the “Means Test”.

But either way, whether she chooses a Chapter 13 filing on her own so she can be done in a little over 4 years, and not 30 just paying minimums, her filing does not affect her husband because they have no joint debts.

When a spouses or domestic partners have “high” income, over $100,000, they usually have joint debts, filing IRS together, and benefit from a joint Chapter 7, or Chapter 13. Geraci Law has a large practice involving “high” income households, and can advise you of your “get out of debt” options.

Can you keep your filing a “secret” from your spouse or partner? Not a good idea, if you are afraid they will “find out” you should just pay your debts.

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 since November 2016!

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

New Year, New Start with Geraci Law

New year, new start – fresh start for debt. This is what we do – we help folks BREAK the cycle of debt for a better path forward. We’re nice people helping nice people use federal law to get a handle on their debt. If you are ready for a fresh start, call us.

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

Overwhelmed With Debt?

If it is, Geraci Law is here for you. Are you ready to eliminate the heavy burden of debt? Call us – we’re here to HELP! It’s as simple as 800 CALL PFG (800.225.5734) or check us out online at www.infotapes.com

The burden of debt affects both mental and physical health. You get stuck in a circle where you are paying your minimum payments only to use the credit again because your cash is gone. Geraci Law can help STOP the cycle.

Fill out an inquiry online, our Geraci Law staff will CALL you – it’s a free consult.

Geraci Law – 5 Star Law Firm

At Geraci Law – we taken tremendous pride in doing great work for our clients. Our goal is a debt free future for our clients and creating a path forward. We love our client reviews, check them out @ https://www.infotapes.com/geracireviews

There is a PFG Difference – find out more by calling 800 CALL PFG (800.225.5734).

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

What do you celebrate in December?

What do you celebrate in December?

St. Nicholas Day – early December
The inspiration for Santa Claus and the celebration of Saint Nicholas and the love of gift giving.

Immaculate Conception Day – 12/8 Most Catholics celebrate with a large dinner or feast and attending mass.

Bodhi Day – also on 12/8
A Buddhist celebration when it is believed Siddartha Gautauma achieved total enlightenment. Celebrate with meditation!

Feast Day of Our Lady Guadalupe – 12/12
Many travel to the Basilica of Our Lady of Guadalupe in December to celebrate the tradition.

Yule
Wiccans celebrate the winter solstice or the darkest day of the year. The Yule Festival honours the sun for days to grow longer (soon). This is where the Yule Log tradition comes from! The log represents the return of the sun!

Hanukkah
Jewish holiday part of the Jewish Festival of Lights. Celebrants light nine candles on a menorah to symbolise how one day’s worth of oil lasted for EIGHT days.

Christmas 12/25
Celebrates the Birth of Jesus and evolved into a family holiday with people of all faiths.

Boxing Day – 12/26
Boxing day originally was for donations of gifts to the poor. The name comes from box for donations to the poor outside of churches.

Kwanzaa
Unlike other December celebrations, Kwanzaa is a cultural holiday and not a religious one. There are 7 principles for Kwanzaa – unity, self-determination, collective responsibility, cooperative economics, purpose, creativity and faith.

New Year’s Eve – 12/31
The celebration of the new year – some celebrate with gifts from Grandfather Frost!

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

There’s NO WAIT for Relief!

You can file Chapter 7 bankruptcy once every EIGHT years – but a Chapter 13 reorganization you file without waiting!

You can file Chapter 7 bankruptcy once every EIGHT years – but a Chapter 13 reorganization you file without waiting!

Review your options and find out if you Kwalify – it’s fast, fun and debt relief could be the answer to your problem!

Check out video from Peter Francis Geraci:

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

Geraci Law Hires New Staff

We are open Monday-Friday with availability to meet with you the same day!

Geraci Law hired new staff in Illinois, Indiana and Wisconsin. We’re ready to help folks like you solve a debt problem.

We are open Monday-Friday with availability to meet with you the same day! Geraci Law understands you may be worried or nervous and the GREAT news is we can accommodate you immediately!

It’s a phone call to change your life, our friendly staff are waiting to help YOU!

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

Firmsgiving

On 11/30, Geraci Law celebrated Firmsgiving – we are so thankful for our clients and appreciate the hard work of the Geraci Law staff. We’re here to help change lives for the better – on Firmsgiving, we accomplish this with full bellies!

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

What is the Real Price Difference Between Bankruptcy Lawyers?

This is Chapter 10 of Attorney Peter Francis Geraci’s book. Read below and check out more information @ https://www.bankruptcybookbypeterfrancisgeraci.com/

I have found that there is very little difference in attorney’s fees. You can’t save more than a couple hundred dollars between lawyers’ fees for the same type of case. Some people like cheap doctors, and some people like cheap food. Some people pick attorneys by a $100 difference in price, not realizing that one deal your attorney makes can save or cost you thousands.

So, the cheapest lawyer in town is not necessarily the best. In other words, go for experience, not price, because there is not much difference in fees for consumer bankruptcies, but there is a big difference in the quality of the advice and service.

For instance, let’s say that 5 years later, a bill collector calls and says you left him off your petition, and he wants to be paid. Will you be able to call your attorney who did the Chapter 7, for advice, or will the telephone be disconnected? If it is Geraci Law, yes you can. 7 am to 7 pm and Saturdays until 1 PM. All your records are electronic. No voice mail either.

Usually, Chapter 7 fees can be paid in installments of as low as $100 a month. Chapter 13 Plans including attorney fees are as low as $95 biweekly. If you can’t afford $100 or $200 a month, you may have to ask friends or family to help you out.

In my opinion, anyone “shopping for fees” for a bankruptcy attorney, is not thinking clearly. If you can clear $10,000 in debt, tax free for $1500, it is a bargain. 10 payments of $150 or even $200 is a bargain.

Chapter 13 cases are even more of a bargain. In almost every state, the attorney fee is exactly the same. Most Chapter 13 cases get filed “no money down”, because it’s a repayment plan. Your attorney gets paid from your Chapter 13 payment, which takes care of attorney fees and all debt. Your Chapter 13 payment could be as low as $95 bi-weekly, or more depending on what debt you are paying back.

Geraci Law represents people on Social Security with low income, and people making over $100,000 a year. Anyone quoting the same fee for any case, on the phone, may be engaging in “bait and switch” tactics. But, if you are really were just looking for the cheapest lawyer in town, sadly for you, there are some poor lawyers at the bottom of their career that will work for free. You kind of get what you pay for.

Geraci Law is the largest filer of bankruptcies in Illinois Indiana and Wisconsin, and you will generally find that the largest law firms probably have the happiest clients, and about the same fees, when you get done, as the all-by-myself attorneys.

Lawyers that claim to be “cheap” can often end up costing you more! Beware of “cheap fee quotes on the phone”

In most Chapter 13 cases, you are saving a lot of money on interest, so the cost is less than paying the creditors at their contract rate of interest. However, Chapter 7 cases are usually cheaper than Chapter 13 cases in terms of total cost. Many “cheap” lawyers don’t know the difference between Chapter 7 and Chapter 13, so if you go there, you won’t know either.

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

Student Loan Update

More complications from your politicians.

Check out the article written by Attorney Peter Francis Geraci at https://www.infotapes.com/articles and others. This is an ongoing change, this article originally written 11/22/2022.

There are three branches of Government in the United States, according to the United States Constitution. The legislative branch charged with making the laws. The executive branch, which is the president, in his various departments such as the Department of Justice or the Department of Education, have no power to make any laws. So when the senator from MasterCard, now president Joseph Biden, says that student loans are discharged, courts, which are the third branch of government, rule on whether or not he is violating the U.S. Constitution by trying to legislate by Executive Order.

What does this mean to you if you have student loans? Student loans used to be dischargeable in bankruptcy. Bankruptcy is a federal law. Bankruptcy law was made by the United States Congress, voted on by the Senate and the house of representatives. When Joe Biden was a Sen., he represented the state of Delaware. He was commonly known as the senator from MasterCard, because that was where MasterCard at its headquarters, where it gave Joe Biden and other politicians a lot of money. Joe Biden and some other politicians like his friend Charles Grassley of Missouri, change the bankruptcy law so that student loans were no longer dischargeable in bankruptcy, except if there was a showing of “undue hardship”

“undue hardship” was almost impossible to prove in bankruptcy proceedings. The Justice Department represented the Department of Education and all government insured student loan cases trying to prove undue hardship, and they fought it to the extreme, and opposing terminal cancer patients discharge of student loans on the grounds that they might get better so what is Joe Biden trying to do now? He is ordered the Justice Department to be less aggressive, but still to examine a whole bunch of factors in determining if there is a student loan discharge possible.

The problem with this is that under the current bankruptcy law you not only have to file a bankruptcy case, but you have to prepare a lawsuit within the bankruptcy case called an adversary complaint, and in that adversary complaint you have to set out the factors that you think aloud discharge. When the new Justice Department guidelines are finalized, the Justice Department attorneys have now been ordered not to be so terrible and opposing discharges. But that does not mean that student loans will be dischargeable in bankruptcy to any great extent, because judges still have to rule on it and judges follow the law, not Justice Department guidelines.

If any of our fine politicians are worried about student loan discharge, what they should do is amend the bankruptcy law to permit discharge of student loans after period of time, based upon all the other bankruptcy factors, and either chapter 7 or 13. Sen. Elizabeth Warren and Sen. Richard Durbin propose such a bill two years ago and it is gone nowhere so stay tuned.

If your purpose in filing bankruptcy is to discharge her student loans, and they are not dischargeable in programs that already apply for on your own, it is still going to be an uphill battle.

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

Share this:

Share this:

Share this:

Share this:

Share this:

Share this:

Share this:

Share this:

Share this:

Share this: