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UNITED STATES BANKRUPTCY COURT DISTRICT OF NEW JERSEYCaption in compliance with D.N.J. LB 90041(b)In Re:Case No.: Chapter: 13 Hearing Date: Judge: NOTICE OF CHAPTER 13 PLAN TRANSMITTALSecond Notice
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Chapter 13 is a form of bankruptcy that allows individuals to reorganize their debts and create a repayment plan to pay off creditors over an extended period of time.
Individuals with a regular income who have unsecured debts less than $394,725 and secured debts less than $1,184,200 are eligible to file for Chapter 13 bankruptcy.
To fill out Chapter 13 bankruptcy forms, individuals must gather information about their debts, assets, income, and expenses, and work with an attorney to create a repayment plan.
The purpose of Chapter 13 bankruptcy is to provide individuals with a way to restructure their debts and repay creditors while keeping their assets and avoiding liquidation of property.
Information about debts, assets, income, expenses, and a proposed repayment plan must be reported on Chapter 13 bankruptcy forms.
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