Filing Bankruptcy in Portland, Maine
Filing bankruptcy in Portland, Maine can be a difficult and emotional process. It is important to understand the rules, regulations and information available for those considering filing for bankruptcy. This article outlines the basics of filing for bankruptcy in Portland, Maine so that individuals can make an informed decision about their financial future.
The first step in filing bankruptcy in Portland, Maine is to consult with a qualified attorney or financial advisor who specializes in this area of law. The attorney will assess the individual's income and assets to determine if they qualify for Chapter 7 or Chapter 13 bankruptcy protection. Additionally, researching each type of bankruptcy protection is recommended since both have different implications on one's finances and credit report.
In addition to seeking professional advice, individuals looking to file for bankruptcy must also complete a credit counseling course prior to filing their claim.
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