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Maine Invoice Guard™s Statute of Limitations
Below you will find important information on Maine state debt recovery laws including: Maine Statutes, Judgments, Garnishments, Interest Rates, and Bad Check Laws.
STATE: MAINE
Interest Rate
- Legal: T-Bill rate + 3%
- Judgment: T-Bill Rate + 6% (4.36% for 2006) (4.99% for 2007)
STATUTE OF LIMITATIONS (IN YEARS)
- Open Account: 6
- Sale of Goods: 4
- Written Contract: 6 + 20 (with attestment)
- Domestic Judgment: 20
- Foreign Judgment: 20
BAD CHECK LAWS (CIVIL PENALTY)
Amount due, court costs, service costs & collection costs.
GENERAL GARNISHMENT EXEMPTIONS
You may garnish 25% of disposable income or the amount by which a debtor’s income exceeds the minimum wage, whichever is less; after judgment only.
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Fixed Rate Collections makes it a common practice to speak directly with any potential clients wishing to gain access to the Fixed Rate Collections debt collection network. To get the signup process started, please fill out the form below and we will contact you within 12 business hours, or you may contact us immediately at 1-321-319-4131
Testimonials
"As a small businessman, I need all my money just to make ends meet. Using Invoice Guard™ has saved me money. As soon as I turned the account over to them, they called my Debtor and he brought a check right over to me." Read More "Our company thinks your program is fantastic. As a contractor, we always have issues with our payables. You guys are the best! It’s nice to find a product that really is a great value."Read More
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