Maine State Bankruptcy Laws
What Are The Maine Bankruptcy Exemptions?
Maine law protects all or a portion of your property from being seized by creditors or the bankruptcy trustee in a Chapter 7 bankruptcy. In a Chapter 13 bankruptcy, you are generally allowed to keep all of your assets and property. Certain exceptions may apply, so it’s wise to consult with a Maine bankruptcy attorney to find which of your assets will be protected in a bankruptcy filed in Maine. In general, the major Maine bankruptcy exemptions include:
|GENERAL MAINE EXEMPTIONS|
|Real Estate (the Homestead Exemption)
Up to $35,000 in value of real or personal property that the debtor or a dependent of the debtor uses as a residence, or in a burial plot for the debtor or a dependent of the debtor can be protected. If minor dependents live with the debtor, the debtor’s aggregate interest may not exceed $ 70,000.
The debtor’s interest in one motor vehicle, valuing up to $5,000, can be protected.
The debtor’s interest, not to exceed $5,000 in value, in clothing; furniture; appliances; and similar items. the debtor’s interest, not to exceed $200 in value in any particular item; 100 percent of household furnishings, household goods, wearing apparel, appliances, books, animals, crops or musical instruments; jewelry not to exceed $750 in value; tools of the trade not to exceed $5,000 in value; and 100 percent of the value of furnaces, stoves and fuel, food, farming and fishing equipment.
|View the complete list of Maine bankruptcy exemptions|
Please remember that this page provides general information only, and is not intended to provide legal advice. The information is not a substitute for the advice of a qualified bankruptcy attorney. If you need legal assistance, consult an attorney.
Which state’s exemption laws apply in your bankruptcy?
Generally, the laws of the state in which you lived for the 730 days (2 years) prior to filing a bankruptcy petition will apply in your bankruptcy.
If you have not lived in the same state for the 2 years immediately prior to filing your bankruptcy petition, the laws of the state in which you lived for the majority of the 180-day period preceding the 2-year period will likely apply.
If application of the preceding general rules renders you ineligible for exemptions under any state’s laws, you may be allowed to choose the federal exemptions applicable in your bankruptcy.
Is Maine a Community Property State?
No, Maine is not a community property state. Because it is not a community property state, you will be responsible for your spouse’s debts only if you voluntarily assumed those debts by, for example, co-signing on a loan given to your spouse. In a non-community property state, one spouse can file for bankruptcy and be eligible to eliminate all of their unsecured debts without the involvement of the other spouse.
How did your senator vote on the new bankruptcy laws?
Following years of intense lobbying by creditors, Congress passed the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA). How did your Senators vote on these largely pro-creditor provisions?
Collins (R-ME) — YEA
Snowe (R-ME) — YEA
Maine Bankruptcy Court Locations:
USBC, District of Maine
537 Congress Street, 2nd Floor
Portland, ME 04101 Bangor
USBC, District of Maine
202 Harlow Street, 3rd Floor
Bangor, ME 04401
Note: You may not have to actually go to one of the above bankruptcy courts. Trustees often conduct your meeting at a local venue.
Although bankruptcy is federal law, the bankruptcy courts in each jurisdiction have local rules that must be followed. A local bankruptcy attorney will be familiar with the specific rules in your area.
Maine Bankruptcy Attorney Locations:
Bankruptcy Attorneys in the state of Maine
|Augusta Payday Loans|
|rgoldmanlaw.com||The Law Offices of Richard M. Goldman, P.A.||(207) 623-8460||The Law Offices of Richard M. Goldman, P.A., 37 Green St, Augusta, ME 04330, United States|
|lawyersaugustamaine.com||Law Offices of Ronald Bourget||(207) 623-3731||Law Offices of Ronald Bourget, 185 State St, Augusta, ME 04330, United States|
|verrill-law.com||Verrill||(207) 623-3889||Verrill, 45 Memorial Cir, Augusta, ME 04330, United States|
|Bangor Payday Loans|
|obrianbankruptcylaw.com||Perry O’Brian||(207) 942-4697||Perry O’Brian, 46 Columbia St, Bangor, ME 04401, United States|
|grayandpalmerlaw.com||Gray & Palmer||(207) 945-5502||Gray & Palmer, 6 State St # 407, Bangor, ME 04401, United States|
|lanhamblackwell.com||Lanham Blackwell & Baber, P.A.||(866) 557-9437||Lanham Blackwell & Baber, P.A., 133 Broadway, Bangor, ME 04401, United States|
|Biddeford Payday Loans|
|gneccolaw.com||Gnecco Law Office||(207) 332-9323||Gnecco Law Office, 40 Main St suite 13-140, Biddeford, ME 04005, United States|
|Brewer Payday Loans|
|mpaglaw.com||The Law Office of Matthew Pagnozzi||(207) 989-6000||The Law Office of Matthew Pagnozzi, 17 Doughty Dr #201, Brewer, ME 04412, United States|
|Brunswick Payday Loans|
|rangercopelandfrench.com||Ranger Copeland French, P.A.||(207) 725-5500||Ranger Copeland French, P.A., 20 Federal St, Brunswick, ME 04011, United States|
|Caribou Payday Loans|
|kelleyleger.com||Kelley & Leger Law Offices||(207) 498-2581||Kelley & Leger Law Offices, 7 Washburn St #130, Caribou, ME 04736, United States|
|Dayton Payday Loans|
|beaconlawoffices.com||Beacon Law Offices||(207) 710-0250||Beacon Law Offices, 49 Waterhouse Rd, Dayton, ME 04005, United States|
|Farmington Payday Loans|
|cullenberglaw.com||Cullenberg Law Offices||(207) 778-6644||Cullenberg Law Offices, 120 Broadway, Farmington, ME 04938, United States|
|Hampden Payday Loans|
|mccuelawoffice.com||McCue Law Office||(207) 862-5290||McCue Law Office, 40 Western Ave, Hampden, ME 04444, United States|
|Houlton Payday Loans|
|davidjedgarlaw.com||Edgar David J||(207) 532-2255||Edgar David J, 23 Court St, Houlton, ME 04730, United States|
|Kennebunk Payday Loans|
|graybeallaw.com||Graybeal Law, LLC||(207) 985-4644||Graybeal Law, LLC, 5 Webhannet Pl Suite 4, Kennebunk, ME 04043, United States|
|jdwadelaw.com||Law Office of James D. Wade||(207) 502-7181||Law Office of James D. Wade, 57 Portland Rd Unit 3, Kennebunk, ME 04043, United States|
|kimmellawfirm.com||Kimmel Beach & Fitzpatrick||(207) 985-4160||Kimmel Beach & Fitzpatrick, 62 Portland Rd Ste 1, Kennebunk, ME 04043, United States|
|Lewiston Payday Loans|
|shankmanlegal.com||Shankman & Associates Legal Center||(207) 786-0311||Shankman & Associates Legal Center, 472 Main St Suite 1, Lewiston, ME 04240, United States|
|Portland Payday Loans|
|molleurlaw.com||Molleur Law Office||(207) 283-3777||Molleur Law Office, 465 Congress St #302, Portland, ME 04101, United States|
|southernmainebankruptcy.com||Law Office of J. Scott Logan, LLC||(207) 699-1314||Law Office of J. Scott Logan, LLC, 75 Pearl St, Portland, ME 04101, United States|
|goodmanlawfirm.com||Goodman Law Firm PA||(207) 775-4335||Goodman Law Firm PA, 1 Dana Street, 4th Floor, Portland, ME 04101, United States|
|creswelllaw.com||Creswell Law||(207) 358-1010||Creswell Law, 183 Middle St, Portland, ME 04101, United States|
|shaftolaw.com||Law Office of Jeffrey Shafto||(207) 619-4006||Law Office of Jeffrey Shafto, 145 Newbury St, Portland, ME 04101, United States|
|mpmlaw.com||Murray Plumb & Murray||(207) 773-5651||Murray Plumb & Murray, 75 Pearl St #300, Portland, ME 04104, United States|
|ddlaw.com||Patrick C. Lever||(207) 774-0317||Patrick C. Lever, 1 Monument Sq, Portland, ME 04101, United States|
|Raymond Payday Loans|
|davidbrandtlaw.com||David L Brandt Attorney||(207) 655-1020||David L Brandt Attorney, 1288 Roosevelt Trail, Raymond, ME 04071, United States|
|Rockland Payday Loans|
|newcomblawoffice.com||Newcomb & Harrell, P.A.||(207) 594-5178||Newcomb & Harrell, P.A., 166 Main St, Rockland, ME 04841, United States|
|Saco Payday Loans|
|molleurlaw.com||Molleur Law Office||(207) 283-3777||Molleur Law Office, 190 Main St 3rd floor, Saco, ME 04072, United States|
|southernmainelaw.com||Attorney Joyce Leary Clark||(207) 282-5966||Attorney Joyce Leary Clark, 37 Beach St, Saco, ME 04072, United States|
|Topsham Payday Loans|
|mainebankruptcypersonalinjurylaw.com||Richard R Regan||(207) 712-0283||Richard R Regan, 4 Union Park Road suite#7, Topsham, ME 04086, United States|
|Waterville Payday Loans|
|uprightlaw.com||UpRight Law||(877) 927-5451||UpRight Law, 1 Center St, Waterville, ME 04901, United States|
|jbrllegal.com||Jabar LaLiberty, LLC||(207) 873-0781||Jabar LaLiberty, LLC, 1 Center St, Waterville, ME 04901, United States|
|fgclegal.com||Ferris Gurney Grant & Crook PA||(207) 877-7781||Ferris Gurney Grant & Crook PA, 11 Park St, Waterville, ME 04901, United States|
|Westbrook Payday Loans|
|pallasinclair.com||PallaSinclair Law Offices||(207) 854-2521||PallaSinclair Law Offices, 425 Main St, Westbrook, ME 04092, United States|
|Windham Payday Loans|
|karenmitchellesq.com||Law Office of Karen JM Mitchell||(207) 858-5270||Law Office of Karen JM Mitchell, 733 Roosevelt Trail, Windham, ME 04062, United States|