| Description: | According to New Jersey Chapter 13 law, the debtor must consist of on the application: income, expenses, all financial debt, creditors, assets, financial obligations and economic information. A debtor may not pick and choose which creditors to feature. Immediately after the filing, no creditor may begin or follow any measures against the debtor. You also won't receive any further annoying phone calls or letters from loan companies. Usually a debtor should have a repayment schedule that demands him to create a monthly payment to a trustee for a period of 3-five-years. Several factors have an impact on the amount of this monthly payment. Things like the debtor's expenses, possessions, income, monthly payments for mortgage loan, auto, as well as other liabilities shape into this payment amount. Whether you are considering personal bankruptcy filing via Chapter 7 or Chapter 13, or are the owner of any small or large business interested in filing for bankruptcy, the Law Offices of Robert Manchel will help you. |
