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Geraci is the founder of Geraci Law, L.L.C., the largest consumer bankruptcy firm in the country. Geraci Law, L.L.C. has about 80 attorneys practicing in Illinois, Indiana and Wisconsin, with over 30 locations. [9] TV commercials for Geraci Law's bankruptcy services have become an example of urban culture associated with Chicago.
Map of the boundaries of the 94 United States District Courts. The district courts were established by Congress under Article III of the United States Constitution. The courts hear civil and criminal cases, and each is paired with a bankruptcy court. [2] Appeals from the district courts are made to one of the 13 courts of appeals, organized ...
The United States District Court for the Northern District of Illinois (in case citations, N.D. Ill.) is the federal trial court with jurisdiction over the northern counties of Illinois. It is one of the busiest federal trial courts in the United States, with famous cases including those of Al Capone and the Chicago Eight. [1]
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Certain scholars and politicians have advocated for a reform of the law to allow states to seek bankruptcy. [6] [3] [4] They argue that the law will require voluntary consent by the state and will not give the federal government or creditors the power to force a bankruptcy; therefore it would not interfere with state sovereignty or be unconstitutional.
Originally, bankruptcy in the United States, as nearly all matters directly concerning individual citizens, was a subject of state law. However, there were several short-lived federal bankruptcy laws before the Act of 1898: the Bankruptcy Act of 1800, [3] which was repealed in 1803; the Act of 1841, [4] which was repealed in 1843; and the Act of 1867, [5] which was amended in 1874 [6] and ...
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