Our Services | Pennsylvania Bankruptcy Law Firm
Foster Law Offices provides individuals, families and small businesses in Northwestern Pennsylvania with comprehensive bankruptcy legal services. Our bankruptcy legal services include representation for Chapter 7, Chapter 13, and Chapter 11 Bankruptcy filings.
Moreover, individuals who meet certain income guidelines may have their unsecured debt eliminated! This includes medical bills, credit card debt and deficiency balances from previously repossessed vehicles. Visit our resources page to learn more about the differences between Chapter 7 and Chapter 13 bankruptcy.
Bankruptcy offers business or individuals, who may find themselves in a position where they can no longer pay the debts they owe, a solution. Specifically, bankruptcy offers the opportunity for a TRUE, FRESH financial start. In summary, there are many types of bankruptcy, many of which provide relief from paying heavy debts in a short amount of time.
Bankruptcy Legal Services
Are you looking for a licensed Pennsylvania bankruptcy lawyer? Foster Law Offices, LLC offers comprehensive bankruptcy legal services to greater Erie, Pennsylvania including Crawford, Venango, and Lawrence counties.
We invite you to visit our Chapter 7 v. Chapter 13 Bankruptcy Page to learn more about the differences between these two popular types of consumer bankruptcy.
Don’t let fear or misinformation hold you back from getting the debt relief you deserve. Contact Us today to schedule a free consultation with one of our licensed bankruptcy lawyers.
Your Frequently Asked Questions... Answered!
What is the minimum amount of debt required to file for bankruptcy? How long will bankruptcy effect my credit? How soon can I purchase a car or house after I file for bankruptcy? Find the answers to these questions and more on our Frequently Asked Questions page. Learn the truth about filing for bankruptcy in Pennsylvania.
Types of Bankruptcy Filings:
Chapter 7, Chapter 13, Chapter 11
There are several different chapters of Bankruptcy that can be filed under the United States Bankruptcy Code. The 4 most common are Chapter 7, Chapter 13, Chapter 11 and Chapter 12.
Each chapter operates differently and defines who, or what type of business entity can file. To learn more about the different types of bankruptcy, use the pull down the menus on the right to view a brief summary of each type of chapter.
In addition to the above mentioned services, Foster Law Offices is pleased to offer additional bankruptcy legal services including: bankruptcy advice, debt counseling, relief from credit card debt, debt negotiation, relief from debt scams, fair debt collection, free bankruptcy evaluation, advice in dealing with medical bill debt, mortgage foreclosure, tax issues and small business reorganization.
Contact Us today for a free, personalized consultation.
Chapter 7 Bankruptcy
Chapter 7 Bankruptcy: This is the most common relief sought by individuals. This particular chapter is designed for individuals and businesses. It allows for total discharge of debts or a potential liquidation of assets to pay for debts. However, a debtor does NOT typically lose everything under this Chapter. There are specific exemptions that a potential debtor can use to protect the most basic assets. Proper exemption planning allows a debtor to protect his or her most basic assets including: residential real estate, vehicles, basic household goods, “simple” bank accounts and a variety of other assets that are clearly defined in the bankruptcy code. Proper exemption planning is critical at the onset of a case and experienced counsel can provide the necessary guidance and representation.
Chapter 13 Bankruptcy
Chapter 13 Bankruptcy: This chapter is for rehabilitation or reorganization of debt for individuals and sole proprietors. So long as the debtor has some form of steady income or has the ability to generate income, he or she qualifies. In general, this Chapter tends to be a “home saver” or “asset protector”. A Chapter 13 bankruptcy will stop all foreclosure proceedings regardless of the status, even if there is a pending Sheriff Sale of said real estate. A Chapter 13 affords the debtor an opportunity to cure and reinstate a mortgage, if that is truly the problem.
Chapter 11 Bankruptcy
Chapter 11 Bankruptcy: This chapter of bankruptcy is for the reorganization, or rehabilitation, of a business. In some cases, individuals can file this form of bankruptcy when they have substantial debts as well as a large amount of assets In general a business must secure approval from specific creditors on a reorganization plan.
Chapter 12 Bankruptcy
Chapter 12 Bankruptcy: This form of bankruptcy is designed specifically for family farmers. It is a type of bankruptcy that allows for the reorganization or financial rehabilitation of these specific working families.