Chapter 7 Bankruptcy in Maine: The Basics Bankruptcy is a federal action, and the primary bankruptcy laws are found in Title 11 of the U.S. Code. Far more people file a Chapter 7 bankruptcy for liquidation than they file a Chapter 13 reorganization bankruptcy, though with either you will pay pennies on the dollar for your debt. Even though bankruptcies are filed in federal court, states are allowed to pass some bankruptcy-related laws. These include lists of bankruptcy exemptions, which allow property to become safe from sale by the bankruptcy trustee. Many people don’t realize that when they file for bankruptcy, they often can keep their property, including their house, car, and retirement benefits. Below, we’ll take a look at some of Maine’s bankruptcy exemptions and how their system works. Cost to file chapter 7 in Maine The chapter 7 filing fees in Maine are $338, but that doesn’t tell the whole story of the real cost to file bankruptcy. Bankruptcy lawyers usually charge between $1,000 and $2,000 to file a chapter 7 case, in addition to the filing fee. Where will I file bankruptcy in Maine? Filing bankruptcy is a big step, and it is often accompanied by a great deal of confusion and stress. If you are even considering filing bankruptcy, talk to a good Maine bankruptcy attorney. If you see them in enough time, they may even be able to advise you of options short of filing bankruptcy. Whether or not you proceed with bankruptcy, you will want to hold onto as many of your assets as you can, and an attorney an best advise you about that. You may think you can save money by filing your own bankruptcy, but an experienced bankruptcy lawyer knows how to protect your assets. There is only one bankruptcy court in Maine. The court is in Portland at this address: US Bankruptcy Court, District of Maine, 537 Congress St., Second Floor, Portland, ME 04101, Phone: 207-780-3482. FacebookPinTweetEmail National Bankruptcy Forum Help us match you with a local attorney Free Bankruptcy Evaluation "*" indicates required fields First Name* Last Name* Phone* Email* Δ Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Save my name, email, and website in this browser for the next time I comment. Δ
Chapter 7 Bankruptcy in Maine: The Basics Bankruptcy is a federal action, and the primary bankruptcy laws are found in Title 11 of the U.S. Code. Far more people file a Chapter 7 bankruptcy for liquidation than they file a Chapter 13 reorganization bankruptcy, though with either you will pay pennies on the dollar for your debt. Even though bankruptcies are filed in federal court, states are allowed to pass some bankruptcy-related laws. These include lists of bankruptcy exemptions, which allow property to become safe from sale by the bankruptcy trustee. Many people don’t realize that when they file for bankruptcy, they often can keep their property, including their house, car, and retirement benefits. Below, we’ll take a look at some of Maine’s bankruptcy exemptions and how their system works. Cost to file chapter 7 in Maine The chapter 7 filing fees in Maine are $338, but that doesn’t tell the whole story of the real cost to file bankruptcy. Bankruptcy lawyers usually charge between $1,000 and $2,000 to file a chapter 7 case, in addition to the filing fee. Where will I file bankruptcy in Maine? Filing bankruptcy is a big step, and it is often accompanied by a great deal of confusion and stress. If you are even considering filing bankruptcy, talk to a good Maine bankruptcy attorney. If you see them in enough time, they may even be able to advise you of options short of filing bankruptcy. Whether or not you proceed with bankruptcy, you will want to hold onto as many of your assets as you can, and an attorney an best advise you about that. You may think you can save money by filing your own bankruptcy, but an experienced bankruptcy lawyer knows how to protect your assets. There is only one bankruptcy court in Maine. The court is in Portland at this address: US Bankruptcy Court, District of Maine, 537 Congress St., Second Floor, Portland, ME 04101, Phone: 207-780-3482.