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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.
Lawyers practice in multiple areas and your best bet would be to go with someone who specializes in bankruptcy law. Attorneys who dabble in a little of everything are likely not aware of the ...
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were several short-lived federal bankruptcy laws before the Act of 1898: the Bankruptcy Act of 1800, [3] which was repealed in 1803; the Act of 1841, [4] which was repealed in 1843; and the Act of 1867, [5] which was amended in 1874 [6] and ...
In December 2010, Washington Park briefly emerged from bankruptcy and then filed a new petition for bankruptcy which was rejected by the judge, who stated there was no Illinois state law enabling a municipality to file a Chapter 9 bankruptcy petition. Denied by courts [59] [60] Las Vegas Monorail Company, Las Vegas Private company 2010
The frequency of applying for bankruptcy depends on which type of bankruptcy you’re filing, something known as the 2-4-6-8 rule. Filing Chapter 13 after Chapter 13 : Two years. Filing Chapter 13 ...
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