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Bankruptcy in Maine: Exemptions and Filing Guide

State-specific bankruptcy exemptions and filing information for Maine. These exemptions determine what property you can keep when filing Chapter 7 bankruptcy.

Data last updated: Jan 15, 2025

Key Takeaways

  • Homestead exemption: $80,000 ($160,000 if 60+ or physically/mentally disabled).
  • Vehicle exemption: $7,500.
  • Must use state exemptions (no federal option).
  • Attorney fees: $1,200–$2,000 (Ch. 7) / $3,000–$4,500 (Ch. 13) typical.
$80,000 ($160,000 if 60+ or physically/mentally disabled) Homestead exemption
$7,500 Vehicle exemption
No Federal option
$338 (Chapter 7) / $313 (Chapter 13) Filing fee

Maine Bankruptcy Exemptions

  • Homestead$80,000 ($160,000 if 60+ or physically/mentally disabled)
  • Vehicle$7,500
  • Personal property$200 per item of household goods
  • Wildcard$400 in any property; plus $7,500 unused homestead
  • Federal exemptionsNot available

Means Test: Maine Median Income

To qualify for Chapter 7 in Maine, your income must be below the state median or you must pass the means test showing no disposable income for creditors.

  • 1 person$58,600
  • 2 people$72,500
  • 3 people$83,200
  • 4 people$97,800

Filing Costs

  • Court filing fee$338 (Chapter 7) / $313 (Chapter 13)
  • Typical attorney fee$1,200–$2,000 (Ch. 7) / $3,000–$4,500 (Ch. 13)
  • Court districtsDistrict of Maine

Maine bankruptcy court

Related Resources

Frequently Asked Questions

  • What is the homestead exemption in Maine?

    Maine allows up to $80,000, doubling to $160,000 if the debtor is age 60 or older or has a physical or mental disability.

  • Does Maine allow federal exemptions?

    No. Maine requires debtors to use the state exemption system.

  • What is the vehicle exemption in Maine?

    Maine allows a $7,500 exemption for one motor vehicle.

  • Can I convert property before filing in Maine?

    Converting non-exempt assets to exempt assets before filing is risky. If done with the intent to defraud creditors, the court can deny your discharge.

Legal Disclaimer: FreeNetLaw provides general legal information, not legal advice. The information on this site is not a substitute for consultation with a licensed attorney. Laws vary by jurisdiction and change frequently. Always verify information with official sources and consult a qualified attorney for advice about your specific situation.

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