What is the role of the bankruptcy judge?

The role of the bankruptcy judge in Maine is to oversee all aspects of the bankruptcy process in order to protect the rights of the debtor and creditors involved. The bankruptcy judge will review all documents related to the bankruptcy, including the debtors’ income, assets, and liabilities. They will also approve the reorganization or liquidation plan proposed by the debtor, and make sure it is fair and equitable for all parties involved. The bankruptcy judge may also impose sanctions on creditors that fail to comply with the law or abuse the bankruptcy process, such as late fees or other punitive measures. The bankruptcy judge may also mediate disputes between the debtor and creditors when necessary. Additionally, the bankruptcy judge may review and approve any contracts between the debtor and creditors that are necessary for the successful completion of the bankruptcy case. The bankruptcy judge may also approve or reject applications for additional credit, if the debtor requests to do so. Finally, the bankruptcy judge is responsible for granting the debtor a discharge from their debts – the formal end of the bankruptcy process.

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What is the role of the bankruptcy judge?

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