Chapter 13

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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