New Jersey Statutes

§ 3B:22-32 — Distribution among creditors to be pro rata; preferred debts excepted

New Jersey·Title 3B ADMINISTRATION OF ESTATES--DECEDENTS AND OTHERS

If the estate of a decedent is insufficient to pay his debts, his estate shall be applied to the preferred expenses and debts in accordance with N.J.S. 3B:22-2, and the balance shall be distributed among his creditors in proportion to the sum due to each. L.1981, c. 405, s. 3B:22-32, eff. May 1, 1982.

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New Jersey § 3B:22-32 (Distribution among creditors to be pro rata; preferred debts excepted) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Nearby Sections

15

§ 3B:22-1

Waiver of statutes of limitations

§ 3B:22-10

Presentation of claim

§ 3B:22-11

Acceptance or rejection of claim

§ 3B:22-12

Action on unrejected claim

§ 3B:22-13

Failure to sue after notice to perfect claim; claim debarred

§ 3B:22-14

Direction of court before paying claims not presented within 9-month period.

§ 3B:22-15

Failure to file refunding bond; presumption that devise or distributive share remains unpaid

§ 3B:22-16

Action upon refunding bond of devisee or heir

§ 3B:22-17

Defense to action on fiduciary's bond in certain cases

§ 3B:22-18

Action on refunding bond of ultimate devisee or heir

§ 3B:22-19

Assets being administered here subject to claims established wherever personal representative appointed

§ 3B:22-2

Order of priority of claims when assets insufficient.

§ 3B:22-20

Payment of claims where assets insufficient

§ 3B:22-21

Payment of claims allowed in this State out of local assets; delivery of surplus assets to domiciliary personal representative

§ 3B:22-22

Real property liable only 1 year for debts

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