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E. Chris L'Hommedieu
About | Practice Areas
L'Hommedieu Law Office, P.A.
190 Bates Street Lewiston, ME 04240» view map
Bankruptcy & Debt
More Than Just A Law Firm

L'Hommedieu Law Office, P.A. has been providing the best in legal representation in Bankruptcy, Personal Injury, Disability and Family law since 1997.

800-941-5060
1. E. Chris L'Hommedieu Lewiston, ME
  Attorney at Law - ME, 1996
  University of Maine J.D. 1995
2. AboutL'Hommedieu Law Office, P.A.
  More Than Just A Law Firm
3. Practice AreasExpertise
  Bankruptcy & Debt
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2. Email
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Includes: Bankruptcy Litigation, Commercial Bankruptcy, Consumer Bankruptcy, Dissolution

J. Scott Logan

Bankruptcy & Debt, Bankruptcy, Credit & Debt, Foreclosure

Status: In Good Standing

FREE CONSULTATION

CONTACT

75 Pearl Street, Portland, ME 04101

Eric F. Saunders

Health Care, Business, Bankruptcy

Status: In Good Standing Licensed: 51 Years

CONTACT

59 Tide Mill Rd, Portland, ME 04102

Adam J Bean

Estate Planning, Business, Consumer Bankruptcy, Bankruptcy

Status: In Good Standing

CONTACT

850 Main St., Westbrook, ME 04092

Rubin Segal

Family Law, Criminal, Bankruptcy, Bankruptcy & Debt, Personal Injury

Status: In Good Standing Licensed: 37 Years

CONTACT

97 India, Portland, ME 04101

Benjamin E. Marcus

Corporate, Banking & Finance, Reorganization, Bankruptcy

Status: In Good Standing Licensed: 37 Years

CONTACT

84 Marginal Way, Portland, ME 04101

Jeremy R. Fischer

Lawsuit & Dispute, Communication & Media Law, Business, Commercial Bankruptcy

Status: In Good Standing

CONTACT

84 Marginal Way, Portland, ME 04101

Robert M. Raftice

Litigation, Criminal, Business Organization, Bankruptcy

Status: In Good Standing

CONTACT

Portland, ME 04116

Elizabeth Knox Peck

Real Estate, Employee Rights, Insurance, Commercial Bankruptcy

Status: In Good Standing Licensed: 36 Years

CONTACT

415 Congress Street, Portland, ME 04112

Jerome J. Gamache

Foreclosure, Litigation, Bankruptcy, Personal Injury

Status: In Good Standing

CONTACT

Portland, ME 04116

Timothy H. Norton

Commercial Real Estate, Corporate, Commercial Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 36 Years

CONTACT

53 Exchange Street, Portland, ME 04101

800-923-0641

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LEGAL TERMS

PRESUMED ABUSE

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means te... (more...)

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means test, the court will presume that the debtor has sufficient income to fund a Chapter 13 plan. In this situation, the debtor will not be allowed to proceed with a Chapter 7 bankruptcy unless the debtor can prove that he or she is not abusing the Chapter 7 bankruptcy remedy.

SOLE PROPRIETORSHIP

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, m... (more...)

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, meaning that business profits are reported and taxed on the owner's personal tax return. Setting up a sole proprietorship is cheap and easy since no legal formation documents need be filed with any governmental agency (although tax registration and other permit and license requirements may still apply). Once you file a fictitious name statement (assuming you don't use your own name) and obtain any required basic tax permits and business licenses, you'll be in business. The main downside of a sole proprietorship is that its owner is personally liable for all business debts.

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily fu... (more...)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily funded by voluntary donations from the creditors that receive payments from debtors repaying their debts through that office. Despite this criticism, most CCCS counselors provide clients with thorough and neutral advice.

UNDUE HARDSHIP

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in t... (more...)

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in the future to pay off the loan may be able to show that repayment would be an undue hardship.

CHAPTER 13 PLAN

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to ... (more...)

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to pay all mandatory debts -- for example, back child support, taxes, and mortgage arrearages -- as well as some or all unsecured, nonpriority debts, such as medical and credit card bills.

COLLATERAL

Property that guarantees payment of a secured debt.

DISPOSABLE INCOME

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Ch... (more...)

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Chapter 13 plan.

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

DEFINED CONTRIBUTION PLAN

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount ... (more...)

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount every month, or every year, for each employee. The employer usually pays a fixed percentage of an employee's wages or salary, although sometimes the amount is a fraction of the company's profits, with the size of each employee's pension share depending on the amount of wage or salary. Upon retirement, each employee's pension is determined by how much was contributed to the fund on behalf of that employee over the years, plus whatever earnings that money has accumulated as part of the investments of the entire pension fund.

SAMPLE LEGAL CASES

Cimenian v. Lumb

... This case started with what the trial court described as a "very murky, very questionable transaction." In 1997, Nahabet Cimenian, William Lumb, who is Carolle Lumb's husband, and Allen Fernald entered into a partnership formed to purchase two bankruptcy claims in the ...

Key Equipment Finance, Inc. v. Hawkins

... (KEF), for a deficiency judgment resulting from a bankruptcy sale of equipment. ... [Â¶ 4] In September 2005, Hawkins signed a Chapter 11 bankruptcy petition on behalf of MBI. During the bankruptcy proceedings, MBI's lawyers regularly conveyed developments to Hawkins. ...

NORTH EAST INS. CO. v. Young

... and Alley against Weeks. The court determined that the discharge of Hutchinson's personal liability in bankruptcy had rendered the cross-claims against her moot. Young and Alley appealed. II. DISCUSSION. [Â¶ 10] We begin by ...

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Westbrook Bankruptcy Lawyer, Maine

Sponsored Law Firm

L'Hommedieu Law Office, P.A.

SPONSORED LAWYERS

J. Scott Logan

Eric F. Saunders

Adam J Bean

Rubin Segal

Benjamin E. Marcus

Jeremy R. Fischer

Robert M. Raftice

Elizabeth Knox Peck

Jerome J. Gamache

Timothy H. Norton

TIPS

LEGAL TERMS

PRESUMED ABUSE

SOLE PROPRIETORSHIP

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

UNDUE HARDSHIP

CHAPTER 13 PLAN

COLLATERAL

DISPOSABLE INCOME

WORKOUT

DEFINED CONTRIBUTION PLAN

SAMPLE LEGAL CASES

Cimenian v. Lumb

Key Equipment Finance, Inc. v. Hawkins

NORTH EAST INS. CO. v. Young

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