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Maine Bankruptcy Laws

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The essential chapters for filing a bankruptcy case in Maine bankruptcy laws are none other than chapter 7 and chapter 13.

We will now discuss – how the laws benefit the individuals residing in Maine:-

  • Chapter 7 is helpful to individuals who desire to free themselves from any debt simply and without any expense.
  • It is also helpful for business people who would like to settle and cease their trade.
  • Chapter 13 is often referred to as “ wage earner”
  • There is no time to file in a chapter 13 case. Hence you can file it at any time you need support.
  • You have instant safeguard instead of a creditor’s set of hard work and salaries on the date of filing.

Important: The articles available on are neither legal advice nor a replacement for an attorney. The contents are general information and guidance concerning different legal issues. We make sure that these articles prove helpful to you, but we do not promise or guarantee that they are suitable for your condition. We also do not take responsibility for any loss that might cause to you using these articles. Hence, we strictly suggest you get expert legal advice. Consult or hire an attorney in case of any doubt.