Peter Francis Geraci A Bankruptcy Blog - Chapter 7 & 13

Recently the President announced programs to help people with student loans including consolidation and maximum repayment amounts. Similar to HAMP and other loan modification programs, only a small margin of people will benefit.

The easiest way to afford your student loans is to file a bankruptcy with Geraci Law. By eliminating your debt with a Chapter 7 you are able to work a payment plan with your student loan financer. The money you are wasting on minimum payments can go toward paying down your student loans.

Attorney Peter Francis Geraci and his bankruptcy attorneys will work to eliminate your debt so you can save money! If you qualify for these programs, you can focus on a lower interest repayment plan with your student loans and your other debt will be eliminated.

A client came into Geraci Law office in Gurnee for a second opinion. He originally went to an attorney that was closer to his home. The bankruptcy attorney did not have Peter Francis Geraci/Geraci Law experience and told the client to file a Chapter 7 bankruptcy.

After a meeting with Illinois bankruptcy attorney Jack Shapiro, the client discovered he could save thousands more by filing a Chapter 13. His first attorney did not discuss stripping his second mortgage or the benefits of an interest-free repayment plan.

His Chapter 13 payment was lower than he was paying on his financed car and his second mortgage! Meeting with a Geraci Law attorney was the best financial decision this man probably ever made.

A woman came in and met with Peter Francis Geraci, Geraci Law attorney David Lugardo. She was struggling to stay current with her house payments and was in mediation with her mortgage company. Before meeting with a professional Geraci bankruptcy attorney, she was working with a non-profit agency assigned to her.

The agency suggested she withdraw from her 401K to pay a significant part of her mortgage arrears. She quickly learned how terrible the advice was and that mediation goes no where. After meeting with Illinois Geraci bankruptcy attorney, David Lugardo, the woman understood what she could do to save her house.

Mediation often fails and homeowners are left with enormous mortgage arrears. For this woman, she took money from her retirement and the settlement option failed. If you are worried about your mortgage, call Peter Francis Geraci.  The experienced bankruptcy attorneys in Illinois, Indiana and Wisconsin can determine your best option to save your home and protect your retirement.

 If you are looking for a law firm with attorneys who not only care about their clients but are well regarded in the bankruptcy community, look to Geraci Law L.L.C.  Supervising attorney Nathan Curtis was just appointed to serve a 4 year term on the Executive Committee of the Chicago Bar Association’s Bankruptcy and Reorganization Committee.  The Committee holds several Continuing Legal Education sessions and two 3-hour seminars each year.  Attorney Curtis is believed to be the first consumer debtor attorney to be asked to serve on the Executive Committee. 

Prior to serving on the Executive Committee, Attorney Curtis served a two year term on the Bankruptcy Liaison Committee for the Northern District of Illinois.  The Committee is made up of 12 bankruptcy attorneys, and includes representatives from the US Trustee and Chapter 13 Ttrustee, and several Judges attend the meetings.  The Committee promotes and sponsors social and educational initiatives.  Upon the end of his two-year term, Attorney Curtis was replaced by another Geraci Law attorney, Justin Storer. 

Additionally, Geraci Law attorney Andrew Golanowski was selected as one of the initial members of the newly-formed Bankruptcy Bar Liaison Committee for the Eastern District of Wisconsin.  The Bar Liaison Committee was designed to aid communication between members of the bankruptcy bar and the judges and court personnel.

When you hire a Peter Francis Geraci/Geraci Law attorney, you are hiring experience. Our attorneys are in court and in the community continuing to develop ways to protect clients and consumers.

The number of job cuts has doubled in September to 115,730 from 51,114 in August. Government workers dominated the planned layoff list. There are no safe jobs anymore and if you have debt, losing income can be devastating. Sometimes you do not qualify for unemployment and if you do the amount will be less than your paycheck.

If you are worried about your job, file a bankruptcy with Peter Francis Geraci. You can eliminate your debt and consult a Geraci bankruptcy attorney to determine your best option for your home and car.