Are you considering filing for Chapter 7 or Chapter 13 bankruptcy in Maine? Although much of bankruptcy is governed by federal law, some bankruptcy-related information and law is specific to your state.
Below you’ll find Maine-specific information on filing for bankruptcy as well as articles on the various Maine bankruptcy exemptions. And for in-depth information on bankruptcy law and procedures, visit Nolo’s Bankruptcy Center.
Filing for Bankruptcy in Maine
In this complete guide to filing bankruptcy in Maine, you’ll learn about the differences between Chapters 7 and 13, the debts you can discharge, and the property you can keep using Maine’s exemption laws. It also explains how to qualify for bankruptcy chapters 7 and 13 in Maine, and includes checklists to help you navigate the process and organize bankruptcy documents, and links to a DIY bankruptcy quiz and other helpful resources.
If you file for bankruptcy in Maine, the homestead exemption protects between $80,000 and $160,000 of your home equity.