There is a newer version of the New Jersey Revised Statutes
2015 New Jersey Revised Statutes
Title 3B - ADMINISTRATION OF ESTATES--DECEDENTS AND OTHERS
Section 3B:22-32 - Distribution among creditors to be pro rata; preferred debts excepted
NJ Rev Stat § 3B:22-32 (2015) What's This?
3B:22-32. Distribution among creditors to be pro rata; preferred debts excepted
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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