Understanding the Basics of New Jersey Chapter 13 Bankruptcy
New Jersey Chapter 13 Bankruptcy is referred to as debt reorganization. A chapter 13 debtor must create a plan, which requires monthly payments to a trustee over a period of 36 to 60 months. The amount...
View ArticleFiling for Chapter 13 Bankruptcy in New Jersey
Many residents assume that filing for bankruptcy and having fair debt collection in New Jersey is a complicated process. For the most part, they’re right. However, an experienced New Jersey bankruptcy...
View ArticleCan Bankruptcy Save My Home
A Chapter 13 Bankruptcy case can save a house from foreclosure. Immediately upon the filing of a chapter 13, the foreclosure action stops immediately. The total amount of the mortgage arrears must be...
View ArticleHow Long Is A Chapter 13
The number of months of a chapter 13 bankruptcy plan depends on numerous factors, including, the value of assets, amount of monthly disposable income, and the reason for the filing. The bankruptcy code...
View ArticleHow Many Times Can I File For Bankruptcy
A person cannot file a subsequent chapter 7 case, within eight years of the filing of the prior chapter 7 case, that received a discharge. In other words, if a person received a chapter 7 discharge,...
View ArticleCan I Change My Bankruptcy Payments
In a chapter 13 case, the debtor must make monthly payments to a trustee for 36 to 60 months. The monthly trustee payment is based on numerous criteria. A chapter 13 case is typically comprised of...
View ArticleChapter 13 Hearings
Chapter 13 Bankruptcy Hearings There are two bankruptcy hearings in a New Jersey chapter 13 bankruptcy case. The first is called the Meeting of Creditors (MOC) or 341(a) hearing. The second is called...
View ArticleChapter 7 and Chapter 13 Difference
chapter 7 and chapter 13 difference Typically, a chapter 7 bankruptcy is designed for a person that wishes to discharge (eliminate) certain debt, such as unsecured debt (credit card debt). A person may...
View ArticleHow To Pay Chapter 13 Payments
There are three chapter 13 trustees in the State of New Jersey. Marie Greenberg is the chapter 13 trustee for the Newark vicinage. Albert Russo is the chapter trustee for the Trenton vicinage. Isabel...
View ArticleAmending Bankruptcy Petition Schedules
Sometimes a debtor may need to amend a schedule or a portion of their petition, due to an inadvertent mistake or change in their circumstances. A debtor may wish to modify their petition to correct a...
View ArticleWhat Can A Debtor Do Who Needs More Income
The court will not permit a debtor to continue with a chapter 13 case, unless or until the debtor provides sufficient proof of income to the trustee that he is able to make the required monthly...
View ArticleWhat Happens If No Longer Able To Make Trustee Payments
A chapter 13 debtor (person filing for bankruptcy) at some point may no longer be able to make their monthly trustee payments due to various factors, such as a reduction in income, higher expenses,...
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