New Jersey Chapter 13 Standing Trustees Certification of Default is a document that is issued by the U.S. Bankruptcy Court in New Jersey. It is the official notice to creditors that the case is in default and all claims must be filed with the Standing Trustee. There are two types of New Jersey Chapter 13 Standing Trustees Certifications of Default: (1) General Certification of Default and (2) Accelerated Certification of Default. The General Certification of Default is issued when the debtor fails to make three consecutive payments or fails to comply with the requirements of their repayment plan. The Accelerated Certification of Default is issued when the debtor fails to make four consecutive payments or fails to comply with the requirements of their repayment plan. The creditor must then file a proof of claim with the Standing Trustee to be paid from the debtor’s future payments.
New Jersey Chapter 13 Standing Trustees Certification of Default is a document that is issued by the U.S. Bankruptcy Court in New Jersey. It is the official notice to creditors that the case is in default and all claims must be filed with the Standing Trustee. There are two types of New Jersey Chapter 13 Standing Trustees Certifications of Default: (1) General Certification of Default and (2) Accelerated Certification of Default. The General Certification of Default is issued when the debtor fails to make three consecutive payments or fails to comply with the requirements of their repayment plan. The Accelerated Certification of Default is issued when the debtor fails to make four consecutive payments or fails to comply with the requirements of their repayment plan. The creditor must then file a proof of claim with the Standing Trustee to be paid from the debtor’s future payments.
