Distribution among creditors to be pro rata; preferred debts excepted

N.J. Stat. § 3B:22-32
in effect
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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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.njleg.state.nj.us/legislative-activity/statutesFetched: 10/17/2026

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