The “co-debtor stay“ (or “co-signer stay”) arises when one of the debtors files for bankruptcy under chapter 13. It stops the creditor from any collection activity towards the co-debtor and continues until the bankruptcy is either closed or converted. However, the co-debtor stay does not apply to all situations. It pays to seek counsel when this issue arises.
Contact George E. Bourguignon, Jr., Esq. at (413) 746-8008, firstname.lastname@example.org,
or by visiting www.bourguignonlaw.com.
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