Happy New Year From Foster Law Offices

2010 was a tough year for many Americans, and many of our clients. As the year comes to a close, we want to wish you a safe, happy and prosperous 2011! Thank You for your support in 2010, we look forward to serving you in 2011! H-A-P-P-Y  N-E-W  Y-E-A...

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Posted in 2011 , Happy New Year

New York State Says It's a "Good Bankruptcy Law"

Gov. David Paterson put New Yorkers first and the banking and debt collection industries second when he signed a bill that increases the value of property that people can retain when they declare bankruptcy or when creditors win judgments against them. This sensible new law puts New York on a par with the rest of the nation. It allows people who hit hard times to keep at least the roof over their heads and the modest car that gets them to and from work. New York already has a law that shields some debtor assets from creditors and bankruptcy trustees. But the actual dollar amounts in many provisions had not been updated since the 1980s, which...

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Posted in Bloomberg , homestead exemption , New York Bankruptcy Law

Merry Christmas from Mr. DebtBuster

To all of our clients, family and friends... we would like to extend our sincerest wishes for a safe and happy holiday season. Thank You for making 2010 a success. We look forward to serving you in 2011, and hope you enjoy your Christmas! From our family to yours... Merry Christmas and Best Wishes for a Prosperous New Year! Mr. Debtbuster and the team at Foster Law Offi...

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Posted in Foster Law Offices , Merry Christmas , Mr Debtbuster

Mortgage Modification Has Failed, Now What ?

So your mortgage modification failed, now what?So you finished your application, provided the necessary documentation (4 Times!) and completed your “trial period”, but your mortgage modification was STILL DENIED.  Unfortunately this is a common theme among many American households.  CNN reported that more troubled homeowners have fallen out of trial mortgage modifications than have received long-term help, a new government report shows.  In general the HAMP and HEMP mortgage modification programs created by the Obama Administration have been a bureaucratic nightmare for the applicants.  I have seen scores of clients with a...

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Posted in Chapter 13 bankruptcy , mortgage modification , United States Bankruptcy Courts

Bankruptcy Myth Video Series

Foster Law Offices and WJET-TV are introducing a new line-up of Bankruptcy Myths to Be Busted in late 2010 and 2011. Foster Law Offices has been regarded as "Mr. Debtbuster" taking on the duty of dispelling common myths that surround Bankruptcy. This December, we feature the medical bill myth. MYTH - "If you've got medical bills filing bankruptcy is NOT going to help". TRUTH is medical bills, credit card bills and personal loans CAN be discharged in bankruptcy.  This myth is extremely common and couldn't be farther from the truth. The Federal Bankruptcy Code does NOT designate special treatment in bankruptcy for medical bills. So let's put this myth to rest, YES medical bills CAN be discharged in bankruptcy....

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Posted in Bankruptcy Myth Videos , Medical Bills , Mr Debtbuster , The Federal Bankruptcy Code , WJET-TV

Foster Law Offices Introduces Erie, PA Bankruptcy Blog

Foster Law Offices introduces the Erie, PA Bankruptcy Blog. Thanks for visiting our new blog - we are working hard to create the a comprehensive source for information on bankruptcy in Erie County including articles on Chapter 7 Bankruptcy, Chapter 13 Bankruptcy, Chapter 11 Bankruptcy and more. Please be patient as we continue to improve the design and function of our new bl...

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Posted in Chapter 7 Bankruptcy , Erie PA Bankruptcy Blog , Foster Law Offices