There are a number of important deadlines that it is important to be aware of in a NJ Bankruptcy.
These deadlines will be included in the Notice of Bankruptcy Filing (Notice), which will be issued by the Court when you file your NJ Bankruptcy. This Notice will be sent to all of the creditors listed in your bankruptcy petition. As the individual filing a Bankruptcy petition, you’ll be called the Debtor. The deadlines listed in the Notice will relate to you as the Debtor, as well as to your creditors and the Bankruptcy Trustee.
Meeting of Creditors Date and Time
In every Chapter 7 and Chapter 13 bankruptcy, a meeting of creditors (also known as a 341 meeting) is held. Usually this meeting is held approximately 30 days after your NJ bankruptcy is filed.
The Notice states the date and time of the meeting, as well as the name of the Bankruptcy Trustee who will conduct your meeting. These meetings are currently being held virtually.
Objection to Discharge or Dischargeability
If any creditor wants to challenge the dischargeability of their debt, or object to your discharge, they have 60 days from the meeting of creditors to do so.
Objection to Exemption
If a creditor or the Bankruptcy Trustee wants to object to the exemptions you listed on your petition, they have 30 days after the meeting of creditors is concluded to do so.
Proof of Claim
If a creditor needs to file a proof of claim in your bankruptcy, the specific deadlines are listed in the Notice. In a voluntary bankruptcy the creditors have 70 days after the bankruptcy case is filed or they are notified by the Court to do so. A governmental unit has 180 days after the bankruptcy is filed to file a Proof of Claim.
In a Chapter 7 where there are no assets that are not exempt, a proof of claim is not necessary. Most Chapter 7 bankruptcies are no asset cases, and no proof of claim is filed.
Chapter 13 Confirmation Hearing
In a Chapter 13 case a Confirmation Hearing is held. A separate notice with the time and date and location of this meeting is sent to all Creditors. Most Chapter 13 clients do not attend the Confirmation Hearing as it will be attended by the attorney.
Completion of Financial Management Course
The debtor must complete a financial management course and file the Certificate with the Court before getting a discharge.
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