In today’s economic climate, it is no secret that millions of Americans are suffering from crippling debt burdens. Being unable to meet your financial requirements is incredibly stressful, and can negatively impact your family and business relationships. It is important to know that there are options available for people who are experiencing economic hardship. If you are considering bankruptcy as an option, you are not alone. According to U.S. Bankruptcy Court statistics, 1,533,224 bankruptcy petitions were filed in this country in 2010, and 4,030 of those were filed in Maine.
Contrary to common belief, you do not have to be broke to file bankruptcy, and it is your attorney’s job to protect as many of your assets as possible, including homes and vehicles, while wiping out as much debt as possible. There are different types, or chapters, of bankruptcy that are available to consumers. The decision to file for bankruptcy, and for under which chapter, is an extremely important decision and should be made only with competent legal advice from an experienced bankruptcy attorney mybkhelp.
We understand the emotional turmoil that our clients endure when facing economic shortfalls. Our goal is to work with you to find the best resolution to your financial situation.