Means Test Calculators and Bankruptcy Information for Maine

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Maine Bankruptcy Info

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Maine Bankruptcy Information

Bangor  .  Portland  . 

Maine Median Income Standards

 

Maine Bankruptcy Exemptions

Maine Homestead

Real or personal property (including cooperative) used as residence to $47,500; if debtor has minor dependents in residence, to $95,000; if debtor over age 60 or physically or mentally disabled, $95,000 (joint debtors in this category may double); proceeds of sale exempt for six months

Vehicle

$5,000

Wages

None (use federal nonbankruptcy wage exemption)

Personal property & Tools of Trade

Animals, crops, musical instruments, books, clothing, furnishings, household goods, appliances to $200 per item
Food to last 6 months
Fuel not to exceed 10 cords of wood, 5 tons of coal, or 1,000 gal. of heating oil
Jewelry to $750; no limit for one wedding & one engagement ring
Several tools of trade exemptions (see more..)

WildCard

$400, in any property
Unused portion of exemption in homestead to $6,000; or unused exemption in animals, crops, musical instruments, books, clothing, furnishings, household goods, appliances, tools of the trade, & personal injury recoveries

More info About __ Bankrutpcy Exemptions including citations.

Maine Bankruptcy Courts

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