Geraci Law L.L.C. was founded in 1973 as the "Law Offices of Peter Francis Geraci." The firm has grown immensely from a single office in the suburbs of Chicago, to a national law firm with offices in Illinois, Indiana, Wisconsin, and Florida. Geraci Law has more than 30,000 5-Star Reviews.
How has Geraci Law grown? Providing Geraci Law clients with multiple locations, meeting times, and proprietary software. Geraci Law even provides clients with direct access to their case with "Client Corner." Now, Geraci Law clients can access their case from the palm of their hand. Clients can view messages from their lawyer, download court documents, and see updates on their case.
What about experience? Geraci Law attorneys have more than 500 combined years of experience practicing consumer bankruptcy law. Geraci Law has filed briefs in Federal court and even to the Supreme Court of the United States. When it comes to Bankruptcy, Geraci Law has seen just about everything. If you have a question about your debt and think you need financial assistance, call us at 888-456-1953. A counselor will go through your situation with you free of charge and can set an appointment for you to meet with a lawyer for free.
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Geraci Law recently acted to support all consumer debtors, not just its clients, by filing an Amicus Curiae Brief. The brief was filed after one of the Chapter 13 trustees in the Northern District of Illinois appealed a case to the Seventh Circuit Court of Appeals. The issue concerns whether a lower-income debtor can take into account tax credits and future expenses which would be paid with those credits when determining the amount needed to be paid into a Chapter 13, and not be required to pay the credits into their Chapter 13 plan for the Trustee to pay to the debtor’s creditors. I know I wrote this, but it seems wordy or a run-on sentence. See suggested replacement below. The brief was filed by Attorney Peter Francis Geraci and Attorney Nathan Curtis.
The issue concerns whether a lower-income debtor can take into account tax credits and future expenses paid with those credits when determining the amount needed to be paid into a Chapter 13. If a debtor is permitted to do so, they would not be required to pay those credits into their Chapter 13 plan for the Trustee to pay to the debtor’s creditors.
The debtor in the case is not a Geraci Law client, but Geraci Law believes strongly that debtors should be able to keep these credits for their expenses, and filed a motion to allow them to file a brief in support of the debtor. Attorney Peter Francis Geraci and Attorney Nathan Curtis argued 4 main points:
I. Section 1325(b) does not Require Debtors to Pay Refunds from Tax Over-withholdings into the Chapter 13 Plan.
II. Prorating of Income and Expenses is not only permitted by the Bankruptcy Code, it is Required
III. Below-Median Debtors use “Reasonably Necessary” Expenses, not Actual Expenses to Determine Projected Disposable Income.
IV. Public Policy Favors Allowing Low-Income Debtors to Use Tax Credits for Annual Expenses.
Although the Seventh Circuit does not routinely grant these motions, the Seventh Circuit did grant Geraci Law’s motion and allowed the brief to be filed. Oral arguments are scheduled for February 15, 2018. Geraci Law, as Amicus Curiae, cannot take part in the argument without permission. Geraci Law is expecting a decision by the spring of 2018.