Category Archives: General

Options for recovery of personal property in Maine

Secured creditors are often faced with uncooperative borrowers following a default, resulting in the need to resort to legal action to recover collateral.  In the State of Maine, there are two basic remedies available to creditors to pursue recovery of … Continue reading

Changes to Civil Orders of Arrest

On May 31, 2011, Governor LePage signed into law An Act To Enhance Enforcement of Civil Orders of Arrest. The Act takes effect on September 28, 2011. This Act gives a judgment creditor additional tools it can use in its … Continue reading

BANKRUPTCY FILINGS INCREASING

According to records maintained by the United States Bankruptcy Court for the District of Maine, the number of new bankruptcy cases filed through the end of October, 2010, is almost 8% higher than the total number of new bankruptcy cases … Continue reading

DEBT BUYERS BEWARE – PROPER DOCUMENTATION NEEDED TO PROVE TERMS AND CONDITIONS AND OWNERSHIP OF A CLAIM

Debt buyers must be able to provide documentation which proves the terms and conditions of the underlying debt and the proper assignment of the debt to the debt buyer in order to prevail in a contested debt collection case. In … Continue reading

CALCULATING INTEREST IN CIVIL ACTIONS

Creditors are keenly aware of the time value of money. Delay in the collecting of a debt without compensation in the nature of interest results in a continually decreasing rate of return for the person or entity to whom the … Continue reading