When you file a bankruptcy case, the automatic stay goes into effect. When you file a Chapter 13 bankruptcy, the “co-debtor stay” also goes into effect. The automatic stay prohibits creditors from pursuing collection efforts against you during your bankruptcy case. The co-debtor stay prevents debt collection from your co-debtor during your Chapter 13 case.
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Bankruptcy Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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