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Maine Bankruptcy Laws

HomeBankruptcy MaineMaine Bankruptcy Laws

The important 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 useful for businessmen who would like to settle and cease their trade
  • Chapter 13 is often referred as “ wage earner”
  • There is no time to file in a chapter 13 case. Hence you can file it at anytime you need support
  • You have instant safeguard opposed to 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 articles 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 to your condition. We also do not take responsibility for any loss that might cause to you using these articles. Hence, it is strictly suggested to not to rely on the information provided in these articles completely without getting expert legal advice. It is also suggested to consult or hire an attorney in case of any doubt.