207-985-4644 FREE CONSULTATION WE HAVE MOVED! As of October 1, 2021, Graybeal Law has relocated to Lafayette Center, 2 Storer Street, Suite 207D in Kennebunk. If you are seeking answers to your questions about your mortgage, car loan, or other debts, or if you have a business that is experiencing financial problems, please contact us. We welcome new clients and will accommodate your schedule to make sure you have the information you need as quickly as possible! Testimonials You helped us legally and emotionally From the moment we met with you to discuss our financial situation, you put us at ease. You guided us through the process and were always there to troubleshoot for us. We have come out of bankruptcy stronger, and with lessons learned. Thank you for being there for us. Chapter 13 Bankruptcy Client Other Services Offered Serving Southern Maine In The Following Practice Areas Bankruptcy – Chapter 7, Chapter 11, Chapter 12 (Family Farmers & Fishermen), Chapter 13 Mortgage Loan Modification Student Loan Discharge Foreclosure Defense & Mediation Debt Settlement & Resolution Wills, Powers of Attorney, & Health Care Directives FAQs All of your questions require answers specific to your circumstances; answers which can only be arrived at in consultation with an experienced attorney. These thumbnail discussions are provided to give you a general idea of what to expect when considering some of the issues confronting people with debt pressures. The information contained in this Web site is directed at residents of the State of Maine. In other jurisdictions, your rights may be different. The information on this Web site does not constitute, nor should it be considered as, legal advice. If you are contemplating a bankruptcy or other debt resolution process, or any other matter which may affect your legal rights, you should consult with an attorney about your individual circumstances. I have heard that I can no longer file bankruptcy to discharge credit cards or medical expenses. Is this true? No. The Bankruptcy Code was changed in October 2005, and there are new restrictions and limitations, but generally most of your rights remain unchanged. You must now undergo a credit counseling session prior to filing, but we will guide you through the process, and the certificate can be obtained online. If your income exceeds the median income for Maine, you may have to proceed in Chapter 13 instead of Chapter 7, but this is not true in most cases. Don’t be intimidated by the changes; that’s what I am here for. I will handle those for you. Remember, most of your rights in bankruptcy remain the same. Can I keep my house and car in a bankruptcy? Can I keep one of my credit cards? How long will a bankruptcy stay on my credit history? Are there debts I can't get rid of? Yes, there are certain types of debts which are “non-dischargeable”, meaning that they will survive a bankruptcy. The most common of those debts are: child or spousal support; criminal fines and penalties; certain recent income tax obligations; “trust fund” taxes (sales or withholding tax you collected and did not pay over); student loans; and any debt incurred through fraud. This last category can include debts you did not intend to repay, and charges for luxury goods and services aggregating $550.00 for one creditor, incurred within 90 days, or cash advances totaling $825.00, incurred within 70 days before filing a bankruptcy petition. There are other types of non-dischargeable debts, which can be discussed in consultation. Will someone come to my house and go through my belongings? How does bankruptcy work? Your Name Your Email Subject * Message * SEND Graybeal Law, LLC Copyright © 2019 Graybeal Law, LLC, All Rights Reserved Location Graybeal Law Office 5 Webhannet Place, Suite 4 Kennebunk, ME 04043 Office (207) 985-4644 Fax (207) 985-4495 Map Satellite Map data ©2021 Google Terms of Use