A New Jersey Order Confirming Chapter 13 Plan is a document issued by a bankruptcy court confirming the repayment plan proposed by a debtor in a Chapter 13 bankruptcy case. This order outlines the terms and conditions of repayment, including the length of the repayment plan, the amount of the monthly payment, and the total amount of debt to be repaid. There are two types of New Jersey Order Confirming Chapter 13 Plan: a Standard Plan and a Modified Plan. The Standard Plan is the default repayment plan that is proposed by the debtor and approved by the court. If the debtor is not able to make the payments required by the Standard Plan, they can propose a Modified Plan which is tailored to their individual financial situation. The Modified Plan must still meet the requirements of the bankruptcy court, and the court must approve it before it can be implemented.
New Jersey Order Confirming Chapter 13 Plan
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