Bankruptcy & Debt
Bankruptcy & Debt
Chapter 7, Chapter 13, and a fresh financial start.
01 — Overview
When debt becomes unmanageable, bankruptcy law gives individuals and businesses a path to a fresh start. Gray & Palmer reviews your situation under Chapter 7 or Chapter 13 and explains what relief is actually available to you.
Most people who file got there through something they couldn't control — a lost job, a divorce, an injury, or an illness. Chapter 7 can discharge most unsecured consumer debt, including credit cards and medical bills, for clients who meet the means test. Chapter 13 instead sets up a three-to-five-year repayment plan, which can also be used to catch up on mortgage arrears and stop a foreclosure in progress.
As soon as a petition is filed, the automatic stay stops most collection activity in its tracks, including garnishments, repossessions, and foreclosures. We walk you through which chapter fits your situation and manage the filing from there.
Gray & Palmer is a debt relief agency. We help people file for relief under the Bankruptcy Code.
Chapter 7 & 13
We help determine which chapter applies to your situation and handle the filing, from the means test through discharge or your repayment plan.
Debt Relief
Not every financial hardship requires bankruptcy. We advise on managing personal or business debt and negotiating with creditors directly.
Dispute Resolution
Mediation, arbitration, and early neutral evaluation offer ways to resolve financial and contract disputes without a lengthy trial.
Practice Areas
Other ways we can help.
Consultation
Discuss your bankruptcy & debt matter
Call (207) 945-5502 or reach out online — our attorneys will follow up personally.
- Call
- (207) 945-5502
- Visit
- 6 State Street, Suite 407
Bangor, Maine 04401