Maine Bankruptcy Law

Considering filing bankruptcy in Maine? You need to understand Maine bankruptcy law and exemptions.

As on overview we have listed some of the main exemptions, links to the federal courts serving Maine, and some filing statistics for Maine.

Maine Exemptions

Homestead:
$47500 ($95,000 if minor dependents reside there) ($95,000 if debtor or dependent is age 60 or older or disabled)
Details:
Debtor's interest in real or personal property used by debtor as residence, or a burial plot (includes a cooperative and proceeds of sale for six months)

Motor Vehicle:
$5,000
Details:
One motor vehicle


This is just and overview and there is a detailed list of the Maine Bankruptcy Exemptions.

Maine Bankruptcy Courts

If you need more information about the Maine Federal Bankruptcy Courts you can click on the link for your district.

  • Maine District

    • Maine Filing Statistics

    Here are the counties in Maine with the highest amount of bankruptcy filings.

    Year - County
    Total
    Ch7
    Ch13
    2012 CUMBERLAND
    548
    455
    93
    2012 YORK
    505
    375
    129
    2012 PENOBSCOT
    397
    352
    45
    2012 ANDROSCOGGIN
    296
    275
    21

    You can see the information for all counties by visiting the Maine Chapter 7 and Chapter 13 bankruptcy filings by county page.

    Here are the most recently available statistics for monthly bankruptcy filings in Maine.

    Year - Month
    Total
    Ch7
    Ch13
    2013 6
    207
    171
    35
    2013 5
    263
    226
    37
    2013 4
    228
    191
    37
    2013 3
    214
    177
    37
    2013 2
    141
    111
    30
    2013 1
    124
    97
    27


    You can see more data by visiting the Maine Personal Bankruptcy Filing Statistics page.

    If you have question about filing bankruptcy please visit our Frequently Asked Questions Page or schedule a free consultation with a local attorney.