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Peter Francis Geraci

Peter Geraci’s Legal Guides

8 total

  • S-Corporation Bankruptcy and Personal Liability

    Why do corporations file bankruptcy? Corporations generally only file Chapter 7 to liquidate assets, or Chapter 11 to reorganize. Only real people, not corporations, receive a discharge. Therefore,

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  • Social Security Benefits Are Exempt from Garnishment

    Can a Creditor Garnish My Social Security Benefits? Generally, Social Security Benefits are exempt from garnishment, except for debts to the U.S. Treasury, or child support or alimony (family support

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  • Statute of Limitations for Debts and Collection

    We've all heard the term "statute of limitations." But creditors have to deal with statutes of limitations too. They have a limited period in which they can attempt to collect on ordinary debts like contracts, credit cards, etc.. This guide details what the statue of limitations does and does not cover, and how it can apply to your situation.

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  • Fair Debt Collection Practices Act

    Collection Practices That Violate The Fair Debt Collection Practices Act There are several things that a debt collector cannot do under the FDCPA. They cannot: • Call before 8am or after 9pm • Ca

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  • Credit Report Cleanup after Bankruptcy Discharge

    Cleaning up Your Credit Report The fact that you filed a bankruptcy will stay on your credit report for 10 years after the date of last action in the bankruptcy case. Credit bureaus, however, often

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  • What is Reaffirmation of a Debt in Chapter 7 Bankruptcy

    What is a reaffirmation? A reaffirmation is a document that you and a creditor and your attorney sign in a Chapter 7 bankruptcy proceeding that makes your personal liability survive a Chapter 7 disch

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  • Chapter 7 Debtors Engaged in Business Must Produce Records

    Debtors “Engaged in Business”? The Bankruptcy Code requires more of debtors filing Chapter 7 who have been engaged in business, than it does of those whose income is from employment. If you are oper

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  • How to Stop Bill Collectors from Contacting You

    Identify Who Is Contacting You Often, a creditor you owe will send the account to another entity, called a collector. You can stop collectors from calling you if you send a "Cease and Desist Letter"

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