New Jersey Statutes Appendix - Former Title 3A Administration of Estates Decedents and Others 3A § 24-38

If an estate be adjudged to be insolvent, any creditor who shall not exhibit his claim to the executor or administrator within the time limited and prescribed by section 3A:24-3 of this title shall be forever barred from prosecuting or recovering thereon unless the estate shall prove sufficient, after all claims exhibited and allowed are fully satisfied, or such creditors shall find some other estate not accounted for by the executor or administrator before distribution, in which case such creditor shall receive his ratable proportion out of the same. However, the court, before distribution made, may, upon the application of any creditor of any insolvent decedent and after notice to the executor or administrator, extend the time within which claims may be presented by creditors of such decedent upon such terms as the court may deem just.