Consumer Bankruptcy
A majority of my clients are consumers- individuals who have found themselves in that spiral of mounting debt. The causes of debt are numerous and often related to other difficult life circumstances. My practice is dedicated to relieving the strains and troubles of debt- helping to save your property, prevent foreclosure, and eliminate the harassment of creditors. We are here to assist you and your family through the bankruptcy process.
Bankruptcy can take many forms, and together we can create a plan of financial management that will help you rise from your debt burden. However, filing bankruptcy may not be an appropriate solution for everyone with credit difficulties, and you should seek a qualified attorney's assistance. Please schedule an appointment and we can decide if bankruptcy is the positive path out of your financial crisis.
James F. Molleur Featured Resource
Why Choose Chapter 13 Over Chapter 7?
There are at least 10 benefits to a Chapter 13 reorganization. I encourage you to consider these when researching your debt-relief options.
Common Situations Surrounding Consumer Debt
The bankruptcy process is designed to help those of us who find ourselves in an overwhelming debt situation. The circumstances surrounding this debt are often beyond of the consumer's control- life challenges that cannot be overcome alone. These circumstances are often emotionally overwhelming, and you deserve compassionate assistance, not credit harassment.
Your Bankruptcy Options
Everyone's debt and property situations are unique, and you should meet with a qualified and experienced attorney to formulate an effective bankruptcy solution. I have been working with consumers in the state of Maine for over 20 years, creating new futures and overcoming many unique debt crises. If you feel that your debt is depressing your opportunities for a secure future, please schedule an appointment and we will assess your possibilities.
We may be able to informally solve your debt problems by working them out with your creditors. While this may not be an option for you, we have successfully eliminated debt without involving the legal process.
Consumers have two broad options to removing debt:
Chapter 13 Bankruptcy- Debt Reorganization
- Create a 3- to 5-year plan to remove your debt and return to a life of financial confidence
- Requires a form of regular income - includes a variety of sources
- Often protects more assets and eliminates more debt than Chapter 7 liquidation
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Chapter 7- Liquidation
- This option is for consumers with crushing debt and little means of repayment
- Move past the debt as quickly as possible and restart your financial life
- Requires the liquidation of more assets and impacts credit greater than Chapter 13
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Other Consumer Services
Violations of Stays and Injunctions
- Filing bankruptcy legally protects you from futher harassment from creditors
- Unfortunately, many persist in their efforts, working to futher degrade your self-confidence into the bankruptcy proceedings
- I will fight this harassment and prevent creditors from unlawfully seeking your property through the bankruptcy process
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Credit Report Corrections
- Communicating with creditors and credit-reporting agencies is often a difficult part of the bankruptcy process
- Learn more about How You Can Correct Your Credit Report
Consumer Law Violations
- There are extensive legislative efforts in the state of Maine to protect consumers from corrupt business practices
- I have counseled consumers through litigation regarding a number of credit consumer law violation.
- These include: recurring credit report errors, unreasonable repossession conduct and attorney misconduct in bankruptcy communications
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Schedule an Appointment
If you need to find a solution for your personal debt crisis, please contact my wonderful staff to make an appointment. I have been evaluating consumer debt situations and solutions in Maine for over 20 years, and will fight to restore your financial confidence and personal dignity.