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Chapter 7

Chapter 7 bankruptcy, sometimes called liquidation, is one of the most common types of bankruptcy and is widely used by individuals, married couples, and businesses. Before petitioning for Chapter 7 bankruptcy, it is important to understand the benefits and risks. We help clients meet requirements and overcome obstacles at every stage of the process, from the initial determination of their eligibility using the "bankruptcy means test" for Chapter 7 all the way to the discharge from indebtedness that wipes the slate clean.


Chapter 7 bankruptcy can be a solution for those with few other options. It blocks creditors from trying to collect, while a trustee sells off the debtor's property to repay creditors to the extent possible.  In Maine, debtors are allowed to keep exempt property, which may include equity in a home, a pension, a car, and other possessions.  Debtors emerge from this process debt-free, unless they have certain debts that cannot be erased by Chapter 7 such as child support, some tax debts and lawsuit liabilities. I will confidentially review these issues with you to ensure that Chapter 7 is the right choice.


Individuals and businesses facing insolvency need sympathetic, effective bankruptcy law help and advocacy. If you would like to find out whether a Chapter 7 bankruptcy filing could help you, contact my office for an in-depth, confidential consultation.

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