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Debt Consolidation in Maine

Maine MapMaine falls within the bottom third of all states in the nation when it comes to bankruptcy filings, with an approximate 4100 residents filing for bankruptcy in an average year, or 3.11 filings for every 1000 residents. There are a number of debt consolidation agencies working to bring those filings even lower by giving individuals alternatives to filing for bankruptcy.

Credit card debt in the state also puts it in the lower half, with an average debt per citizen of $5,613.10.

Maine homes tend to have an average list price of $197,000, considerably higher than many other parts of the country. Foreclosure rates in Maine vary by county, but overall the state sees one home out of every 1700 in foreclosure, and even the highest rates - in Waldo County - are only moderately higher at 1 in every 1028.

On the other hand, college graduates in Maine are more likely to graduate with student debt. Maine ranks 16th in the nation; 64% of students do graduate with debt, and that amount averages $29,934. Debt consolidation is one strategy used by young adults in an effort to manage that student loan debt.

The Attorney Generalís Office in Maine has warned consumers to be aware of a phone scheme whereby callers push Mainers to pay off debts using prepaid debit cards or wire transfers, as the caller pretends to be a representative from the government or a business with whom the resident has a relationship. The state encourages consumers to hang up if they receive any such phone calls.


Chelsea voters to reconsider raising the tax levy limit

Chelsea officials have scheduled a special town meeting for Thursday for voters to reconsider raising the town's property tax levy limit. When voters approved spending above the town's property tax le...

Published:  Sun, 15 Jul 2018 12:32:00 GMT

LAUSD postpones effort to raise new parcel tax

A proposal to forestall the Los Angeles Unified School District's looming fiscal problems by asking voters to approve a new parcel tax failed to win enough support Tuesday to make it onto the November ...

Published:  Tue, 10 Jul 2018 14:36:00 GMT

A Cannabis Tax Court Case That Made Me Laugh

I read a lot of Tax Court Cases, and this one had me so confused, I thought the taxpayers were doing the case pro se (representing themselves). This is a case of an attorney just wanting to collect a ...

Published:  Thu, 12 Jul 2018 12:08:00 GMT

Maine's LePage eyes hospital tax for Medicaid expansion

Maine Gov. Paul LePage is eyeing a tax hike on the state's hospitals to fund voter-approved Medicaid expansion that was supposed to take effect this week. Julie Rabinowitz, press secretary for the Rep...

Published:  Fri, 06 Jul 2018 14:19:00 GMT

"Can't Silence Me": Yogendra Yadav After Tax Raids At Sisters' Hospitals

Yogendra Yadav, the psephologist-turned-politician today accused the centre of targeting his family to intimidate him after income tax authorities raided a hospital run by his sisters in Haryana's Rew...

Published:  Wed, 11 Jul 2018 07:32:00 GMT

Governor Says Hospital Tax Could Cover Medicaid Expansion

AUGUSTA, Maine (AP) - Maine's Republican governor is publicly laying out a proposed tax hike on hospitals to pay for voter-approved Medicaid expansion. Gov. Paul LePage's office says Medicaid expansio...

Published:  Wed, 04 Jul 2018 13:27:00 GMT

Pa. Gov. Wolf puts tax plans far behind him as he seeks a 2nd term

HARRISBURG >> Gone is the governor who had ambitious plans to overhaul Pennsylvania's tax structure and pump billions more into the state treasury to fix deficits and public school funding disparities ...

Published:  Sun, 01 Jul 2018 17:10:00 GMT

Maine lobster workers say Chinese tariffs could threaten industry

Members of the Maine lobster industry are warning that China's new tariffs on lobster exports could undermine the industry, NBC News reported Saturday. On Friday, China imposed an additional 25 percen...

Published:  Sat, 07 Jul 2018 15:32:09 GMT

Maine governor outlines hospital tax to fund Medicaid expansion

Maine Republican Gov. Paul LePage proposed an increase on the hospital tax rate to fund the voter-approved Medicaid expansion, according to The Charlotte Observer. Maine voters approved Medicaid expan...

Published:  Thu, 05 Jul 2018 13:14:00 GMT

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