Chapter 13 Bankruptcy

NJ Attorney For 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 the Confirmation Hearing. The MOC is never held in a courtroom and a judge is not … [Read more...] about Chapter 13 Hearings Explained By New Jersey Bankruptcy Lawyer

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 different classes of debt (i.e. priority, secured, unsecured). Certain type of debt such as priority … [Read more...] about New Jersey Bankruptcy Attorney Explains Whether or Not Someone Can Change Their Trustee Payments

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 requires a debtor to pay no less than all monthly disposable income to a trustee for at least 36 … [Read more...] about New Jersey Bankruptcy Lawyer Explains How Long A Chapter 13 Case Can Last

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 paid to the mortgage company through a monthly trustee payment. In addition to the trustee payment, … [Read more...] about Can Filing Bankruptcy in New Jersey Save My Home?

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 attorney will help you understand the filing process, while always keeping your best interests in … [Read more...] about Bankruptcy Lawyer Explains Filing for Chapter 13 in New Jersey

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 of the monthly payment and the creditors that must receive funds are based on a number of … [Read more...] about Bankruptcy Lawyer Explains the Basics of Filing Chapter 13 in New Jersey