Debt Resolution in Maine
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Debt Relief Options in Maine
When seeking relief from debt, bankruptcy is not your only option. Shafto Law can help you file for bankruptcy but you may want to pursue alternatives. Rather than file for bankruptcy, let our firm negotiate directly with your creditors. This process may result in a better solution.
Shafto Law represents clients throughout Maine with overwhelming debt who seek alternatives to bankruptcy, bringing legal skills and years of experience to the negotiation on your behalf. If you need debt relief, contact us to set up a call. A good Maine debt negotiation lawyer can help you move forward.
Debt Consolidation versus Debt Relief in Maine
Debt relief can consist of a debt resettlement plan, debt restructuring, and/or refinancing. And keep in mind, debt consolidation companies are seldom a good alternative. Most debt consolidation companies charge an upfront 15 percent administrative fee to settle your debts, and if you should miss a payment you may find yourself right back where you started.
Additionally, debt consolidation companies lack any legal authority to stop creditors from acting against you. Creditors understand this well and will likely continue to seek the money they are owed while you’re working with a debt consolidation company. Using a debt consolidation company puts you at risk of working with an entity that cannot stop your creditors. The experienced firm of Shafto Law can help you take direct legal action to resolve your debts without the harassment of third-party creditors.
If you want a solution to debt relief, contact us. A good Maine debt negotiation lawyer can help you get out of debt.
Getting Help
As you seek to resolve your debt in Maine, Shafto Law can help you navigate the often complicated decisions and legality that accompany that process. When you choose to work with us, we are here through the entirety of your case. Your legal affairs will be handled with expert care and your matters will be resolved as favorably and efficiently as possible.
Your debt resolution needs are personal. Shafto Law can help you sort through the process. Call a Maine Bankruptcy Attorney today, 207-619-6168.
This article is not intended to be a substitute for professional legal advice and cannot be taken as such. Nor does this article establish any type of attorney-client relationship with Shafto Law. If you’d like to consult with us for advice concerning your specific needs, please contact us to set up an appointment. We are happy to help.
From our law office in Portland, we serve clients throughout southern Maine and the Casco Bay area.
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Bankruptcy Resources
Debt relief under Chapter 7 offers a lot of flexibility. The process is typically fast, simple, and complete. In many cases, you will be completely debt-free in about 90 days. Read more
Filing for Chapter 13 allows you to propose a plan that could help you repay all or part of your debt over time. It’s ideal for debtors who have a regular income. Read more
Bankruptcy Means Test in Maine
Individuals seeking to file for protection from creditors under Chapter 7 of the bankruptcy code must pass, or be exempted from, the Means Test.
“In filing for Chapter 13 in Maine, nothing will be taken from you. You may choose to sell your property(ies) as a means to fund your repayment plan. However, in Chapter 13 bankruptcy you’re able to keep your assets.”
“Hiring a lawyer for representation leading up to and during the filing process is advisable. You may contact Shafto Law at any time for a free consultation.”