Maine Bankruptcy

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.
Automobiles
The debtor’s interest in one motor vehicle, valuing up to $5,000, can be protected.
Other Property
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 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 the 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
(207) 780-3482

USBC, District of Maine
202 Harlow Street, 3rd Floor
Bangor, ME 04401
(207) 945-0348

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

  1. Augusta
  2. Bangor
  3. Biddeford
  4. Brewer
  5. Brunswick
  6. Caribou
  7. Dayton
  8. Farmington
  9. Hampden
  10. Houlton
  11. Kennebunk
  12. Lewiston
  13. Portland
  14. Raymond
  15. Rockland
  16. Saco
  17. Topsham
  18. Waterville
  19. Westbrook
  20. Windham
Augusta Payday Loans
Website Company Telephone Address
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
Website Company Telephone Address
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
Website Company Telephone Address
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
Website Company Telephone Address
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
Website Company Telephone Address
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
Website Company Telephone Address
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
Website Company Telephone Address
beaconlawoffices.com Beacon Law Offices (207) 710-0250 Beacon Law Offices, 49 Waterhouse Rd, Dayton, ME 04005, United States
Farmington Payday Loans
Website Company Telephone Address
cullenberglaw.com Cullenberg Law Offices (207) 778-6644 Cullenberg Law Offices, 120 Broadway, Farmington, ME 04938, United States
Hampden Payday Loans
Website Company Telephone Address
mccuelawoffice.com McCue Law Office (207) 862-5290 McCue Law Office, 40 Western Ave, Hampden, ME 04444, United States
Houlton Payday Loans
Website Company Telephone Address
davidjedgarlaw.com Edgar David J (207) 532-2255 Edgar David J, 23 Court St, Houlton, ME 04730, United States
Kennebunk Payday Loans
Website Company Telephone Address
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
Website Company Telephone Address
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
Website Company Telephone Address
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
Website Company Telephone Address
davidbrandtlaw.com David L Brandt Attorney (207) 655-1020 David L Brandt Attorney, 1288 Roosevelt Trail, Raymond, ME 04071, United States
Rockland Payday Loans
Website Company Telephone Address
newcomblawoffice.com Newcomb & Harrell, P.A. (207) 594-5178 Newcomb & Harrell, P.A., 166 Main St, Rockland, ME 04841, United States
Saco Payday Loans
Website Company Telephone Address
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
Website Company Telephone Address
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
Website Company Telephone Address
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
Website Company Telephone Address
pallasinclair.com PallaSinclair Law Offices (207) 854-2521 PallaSinclair Law Offices, 425 Main St, Westbrook, ME 04092, United States
Windham Payday Loans
Website Company Telephone Address
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