Maine Chapter 12 Lawyer
If you own your own business in the Maine fishing industry or you are a family farmer, and you have been hit hard by tough economic times, a Chapter 12 bankruptcy filing offers advantages you won’t find with a Chapter 13 reorganization. For example, you can modify or rewrite your home mortgage when you seek protection under Chapter 12. This is the only chapter of the Bankruptcy Code that allows you to modify the terms of your home mortgage. You can reduce the interest rate, stretch out the length of the loan and reduce the balance owed to the fair market value of the real estate.
If you believe that you qualify, or have questions about your eligibility or about other benefits, you want to talk to an experienced bankruptcy attorney.
At the law office of Perry O’Brian, we specialize in bankruptcy law. We have provided comprehensive counsel to individuals and business owners for more than 26 years. We are well versed in the laws and rules governing bankruptcy filings, and pay close attention to all trends and developments in the law. When you hire us to handle your bankruptcy filing, we will strive to make the process as simple as possible, so that we can minimize your stress and anxiety. We promptly respond to all calls and e-mails, and seek to complete your bankruptcy as quickly and cost-effectively as possible.
Our Chapter 12 Bankruptcy Practice
A Chapter 12 bankruptcy petition will allow you to restructure your debt, but with terms that are more generous than those under other bankruptcy filings. You can propose a plan that rewrites the terms of your home loan and other secured debts by changing the interest rate, extending the length of the loan and reducing the balance to the fair market value of the property. You are not limited to the five-year period with Chapter 13.
We handle all matters related to a Chapter 12 bankruptcy filing, preparing and submitting all the necessary paperwork, and acting as your liaison with creditors, the court and the bankruptcy trustee. We will carefully review your situation to determine whether you qualify to file under Chapter 12, and will work directly with you to come up with an affordable Chapter 12 plan.
Contact Attorney Perry O’Brian
To arrange a free initial consultation with an experienced Bangor Chapter 12 bankruptcy lawyer, contact us by e-mail or call our office at 207-942-4697 (toll free at 877-900-9857). We will set up an installment payment plan to make legal representation more affordable.