CHAPTER 13 BANKRUPTCY FAQS NJ | LOFARO & REISER
The Chapter 13 bankruptcy trustee is an individual, usually an attorney, who is appointed by the United State’s Trustee’s Office to administer Chapter 13 cases. In New Jersey there are 3 …
FAQs about CHAPTER 13 BANKRUPTCY FAQS NJ | LOFARO & REISER Coupon?
Who is a chapter 13 trustee in New Jersey?
The Chapter 13 bankruptcy trustee is an individual, usually an attorney, who is appointed by the United State’s Trustee’s Office to administer Chapter 13 cases. In New Jersey there are 3 Chapter 13 trustees, with each being assigned to a specific district: Newark, Trenton, and Camden. Their names and telephone numbers are: ...
Can a chapter 13 bankruptcy stop a foreclosure in New Jersey?
In New Jersey, it is quite common now for Chapter 13 debtors to file bankruptcy in order to stop a foreclosure while they file for a loan modification. Difficulties? ...
How much does it cost to file a chapter 13 bankruptcy?
The Bankruptcy Court charges a $289 filing fee to file a Chapter 13 case. The standard Chapter 13 legal fee for a non-business case is $3,500.00 for all basic or “base fee” services. These fees are established by federal law and local bankruptcy court rules. ...
How much equity is exempt from bankruptcy in New Jersey?
Generally speaking, depending upon the exemption scheme selected, you may exempt as little as $1,000 under New Jersey state law, or as much as $3,450 under federal bankruptcy law. When calculating your equity you should use the Kelly Blue Book or a comparable guide. ...
When should a chapter 13 payment be made?
A first payment must be made to the Chapter 13 trustee within thirty (30) days of the filing date of your bankruptcy plan. This payment should be delivered to the trustee in advance of the First Meeting of Creditors. ...
What happens if you lose a job in Chapter 13?
During Chapter 13 bankruptcy, if you lose a job, you can file a motion with the court to modify the terms of your repayment plan. A notice and supporting evidence must be provided to your creditors. ...
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