Bankruptcy, Creditors Rights, Foreclosures & Loan Workouts

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Darcie P.L. Beaudin
Norman J. Rattey

In recent years, bankruptcy law has become increasingly complex and filings more frequent.  Experienced Skelton, Taintor & Abbott attorneys have been providing advice and representation concerning insolvency for several generations.

When consulting with a creditor trying to recover money from a debtor in financial trouble, we emphasize practical, prompt, cost effective measures to maximize recovery.  More often than not, aggressive action to secure or protect security for debt distinguishes successful creditors from those who recover little or nothing. We are experienced in representing the interests of creditors in bankruptcy proceedings.

When retained by business people experiencing financial difficulty, we make an early assessment and advise the client of the options for debt relief, including reorganization, refinancing, negotiation with key creditors, composition (blanket contractual settlement) of creditors, receivership and, as a last resort, liquidation or reorganization in bankruptcy.

Our lawyers have successfully conducted literally hundreds of civil action and power of sale foreclosures for both businesses and individuals.

We are experienced in drafting and negotiating workout and forbearance agreements whereby our clients’ economic interests are protected and in most cases, litigation and bankruptcy are avoided.

Skelton, Taintor & Abbott attorneys are admitted in all state and federal courts in Maine and regularly practice in the bankruptcy courts in Maine and elsewhere.