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1705 West 26th Street
Erie, PA 16508
(814) 455-5890

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5 Convenient Locations

Erie County
1705 West 26th Street
Erie, PA 16508
(814) 455-5890

Crawford County
943 Park Ave
Meadville, PA 16335
(814) 724-1165

Mercer County
126 South Erie Street
Suite C
Mercer, PA 16137
(724) 662-2581

Venango County
1320 Liberty Street
Franklin, PA 16323
(814) 432-3290

Warren County
400 Market Street
Warren, PA 16365
(877) 673-3282

Foster Law Offices, LLC

Attorney Dan Foster has helped several thousand debtors through the Chapter 7 and Chapter 13 bankruptcy process.  Dan has focused exclusively on debtor representation his entire career.

Foster Law Offices is a very "hands on" office; you will always find the answers to your questions in a timely manner.  Quality representation and client satisfaction is the key to our success.

Attorney Foster can offer creative solutions to your most pressing financial issues, and is often able to dramatically relieve even the most insurmountable problems through Chapter 7 and Chapter 13 bankruptcy.  

Debt Consolidation

"Bankruptcy, Debt Consolidation, Foreclosure, Lawsuits... we know debt can be overwhelming and we are here to help."

First of all, please keep in mind that there are some honest Debt Consolidation Companies.  That said, good luck distinguishing the good companies from the scam artists.  Many of the companies that advertise on the Internet, television, radio and print are simply "boiler room" style telemarketing companies.  The "counselors" who work at these companies are paid on a commission bases, and many earn bonuses for the amount of new accounts secured each month.  Most of these companies boast about their accreditations and their "not for profit" status.  The truth about these companies is both shocking and disheartening.  

Debt Consolidation Companies often tell consumers that filing bankruptcy is the worst thing you can do to your credit score.  However, in many cases, NOT filing bankruptcy actually hurts your score far more in the long run.  When you miss the original contractual payments for tow or more months in a row, your credit score is lowered dramatically.  The payment arrangement that a Debt Consolidation company establishes for you is NOT the original contractual payment.  Hence, entering into repayment plan that the Debt Consolidation Company establishes destroys your credit score.  Entering the program is considered a default, which will be reported like a "late payment", "partial payment" or "charge-off" every month, for the entire term of the program.  

Credit Rehabilitation

Your FICO score determines whether creditors will lend you money, how much, and at what interest rate.  The higher the FICO score, the better.  As your debt to income ratio increases and you owe more money, your score decreases.  Every late payment, failure to pay, or charge off, decreases your credit score.  If you default on your loanswithout filing bankruptcy, your credit is likely to be so damaged that you will not be able to repair it by yourself. 

Although it may seem like you will never get through this difficult time, the truth is there are many effective ways to restore and rebuild your credit.  I can work with you one on one to restore your credit and help you get your finances back on track after filing for bankruptcy.  In gerneral, your FICO score will improve immediately after banlruptcy, as your debt to income ratio is greatly reduced or eliminated.  Within a few short months you will start to see offers for credit cards, as these companies know that you will not be able to file for bankruptcy again for another eight years.  Car loans will be available also, althrough many individuals prefer to wait because the interest rates will be better in time.  Even home loans are available to clients who have filed bankruptcy in time.  The myth that you can't borrow or finance for seven years simply isn't true. 

Chapter 7 vs Chapter 13 Bankruptcy

A Chapter 7 bankruptcy allows individuals to discharge most or all of their unsecured debt in order to get their financial situation under control.  Dischargeable, unsecured debt includes credit cards, personal loans, lawsuits, medical bills, utility bills and even some types of unpaid taxes.  For the most part, those who are current with their mortgage payments and vehicle payments find a Chapter 7 bankruptcy may be a helpful solution to financial problems.  

Filing for Chapter 7 bankruptcy has other advantages other than eliminating your legal liability to repay your unsecured debt.  Upon filing of the bankruptcy petition, creditors and collection agencies will be prohibited from contacting and harassing you for your debt.  Also, all legal action must cease.  For this reason, Chapter 7 bankruptcy is extremely advantageous, as creditor harassment is one of the worst effects of having unpaid debt.  Furthermore, Chapter 7 can also stop execution sales, frozen bank accounts and eliminate liens on your property.