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ID:77790
Title:NJ Attorney Robert Manchel, Esquire.
URL:http://www.bankruptcylawyer-nj.com/nj-chapter-13-bankruptcy-attorneys/how-does-a-chapter-13-bankruptcy-work/
Category:Politics Government Law: Lawyers
Description:According to New Jersey Chapter 13 law, the debtor must include on the petition: income, expenditures, all financial debt, creditors, assets, obligations and economic information. You have to involve all this info; you can't just consist of some and leave out other individuals. Immediately with the processing, no creditor may commence or follow any motion against the debtor. You also won't receive any longer annoying calls or letters from creditors. Usually a debtor must have a repayment plan that calls for him to create a monthly payment to a trustee for a period of 3-five years. The amount of the monthly trustee payment and the volume of months of the payment plan is founded on the debtor’s revenue, expenses, resources, liabilities and mortgage or auto repayment arrears. If you need strategies to chapter 13 questions, the skilled crew of bankruptcy lawyers with the Law Offices of Robert Manchel can also work with you.
Link Owner:Maria Robinson