Co-Debtor Stay
One of the unique features of a Chapter 13
bankruptcy case is that the automatic stay applies not just to the
bankruptcy debtor but also to creditors of non-filing co-debtors of the
debtor.
Relief from the Co-Debtor Stay
A creditor may be granted
relief from the co-debtor slay under any of the following
circumstances:
To the extent that the co-debtor was the actual recipient of
the consideration for the claim, the creditor may be granted
relief from the stay.
To the extent that the creditor's claim will not be paid
under the debtor's proposed Chapter 13 bankruptcy plan, the creditor
may receive relief from the stay.
Where the creditor will be irreparably harmed if the stay
remains in effect, relief from the stay will also be granted
San Marcos, California
San Marcos is a city located in the northern
portion of San Diego County, California,
USA. As of the 2000 census, the city had a
total population of 54,977. Outside the San
Diego region, it is best known as the home
of California State University, San Marcos.
The Pacific Bankruptcy Center assists the residents of San Marcos,
California in
filing for relief under the United States bankruptcy code. We are a debt
relief agency
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