Matthew Pagnozzi

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Law Office of

Proudly serving the Bangor-Brewer region and many parts of Eastern Maine

P

207-989-6000

17 Doughty Drive Brewer, Maine

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    © 2015 By Austin Pagnozzi

    Law Office of Matthew Pagnozzi PLLC

     

    LAW OFFICE OF MATTHEW PAGNOZZI

    17 DOUGHTY DRIVE SUITE 201

    BREWER, MAINE 04412

    207-989-6000    mpaglaw@gmail.com

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    Bankruptcy Overview

    A legal proceeding involving a person or business that is unable to repay outstanding debts. The bankruptcy process begins with a petition filed by the debtor (most common) or on behalf of creditors (less common). All of the debtor's assets are measured and evaluated, whereupon the assets are used to repay a portion of outstanding debt. Upon the successful completion of bankruptcy proceedings, the debtor is relieved of the debt obligations incurred prior to filing for bankruptcy.