Maine bankruptcy attorney Robert H. Prince takes care to provide his clients with high-quality services personalized for their unique needs. He is available for professional, courteous, and efficient consultation, Monday through Saturday.
Maine Bankruptcy Attorney
When financial troubles get out of control, declaring bankruptcy is one option that can help you get out of debt, give you some breathing room, and let you retake control of your finances. Fortunately, you don’t have to go through this process alone. With the legal counsel, representation, and guidance of New Hampshire bankruptcy attorney Robert H. Prince, you can move forward with confidence and peace-of-mind.
At the Law Office of Robert H. Prince, we’ll do everything under Maine and federal laws to help you through the bankruptcy process in an informed, optimized manner. We boast years of experience helping Maine residents declare Chapter 7 or Chapter 13 bankruptcy. For a free, no-obligation consultation about your finances and the best plan moving forward, call our bankruptcy law office today at (617) 721-9141 or (603) 401-0409.
Overview of the Maine Bankruptcy Process
If you’re going to file for bankruptcy in Maine, you’ll need to comply with the 2005 Bankruptcy Act. This act states that debtors planning to go through bankruptcy must undergo credit counseling within six months before filing for bankruptcy relief.
Secondly, Maine debtors must conduct a means test to see if they are eligible for Chapter 7 or Chapter 13 bankruptcy. For this test, a Maine bankruptcy court must analyze your income for the 6 months prior to filing and compare it to the median income for Maine. If your average income falls below the median, then you may be able to file for Chapter 7. The next steps when filing for bankruptcy may include:
- Gathering the necessary paperwork
- Itemize current sources of income, major financial transactions for the past two years, monthly living expenses, secured and unsecured debts, and property
- Determine which property is exempt from seizure, according to Maine’s bankruptcy exemption laws
- File for bankruptcy and pay filing costs
- If filing for Chapter 13 bankruptcy, you’ll also need to propose a repayment plan
The next steps are determined by your bankruptcy plan as well as the unique circumstances of your case. For instance, the courts may assign a trustee who’ll take legal control of your debts and non-exempt property. You may also have a § 341 meeting with creditors and your trustee.
Lastly, according to the 2005 Bankruptcy Act, Maine residents must complete a financial management instructional course after filing bankruptcy.
Why a Bankruptcy Attorney Can Help You Get Out of Debt
Due to the complexities of Maine bankruptcy law (as well as the bankruptcy process!), hiring an experienced and diligent bankruptcy attorney is crucial. Your attorney will be able to help you navigate this complicated process, giving you industry-leading and up-to-date advice on your options and different possibilities you may have. Additionally, because the bankruptcy process in Maine requires extensive paperwork, your attorney will make sure that you completely fill our the paperwork and then file properly.
Furthermore, an experienced bankruptcy attorney will be able to read your finances and help determien the best plan of action so that you can meet your goals in a stress-free, proactive manner.
Contact the Law Office of Robert H. Prince Today
Nobody wants to go through a bankruptcy, but the good news is that you don’t have to go through this alone. With Maine bankruptcy attorney Robert H. Prince at your side, we can provide thorough and easy-to-understand counsel regarding best-practices for your finances. Our goal is to help you get out of debt, and represent your case and your interests in front of creditors and bankruptcy courts. To start the bankrutpcy process and get out of debt, call us today for a free consultation at (617) 721-9141 or (603) 401-0409.