Co-Debtors And The Automatic Stay

Clients frequently ask about what happens to their co-debtors in a bankruptcy. Fortunately, debtors and co-debtors benefit from the automatic stay in bankruptcy. There are a few considerations regarding co-debtors discussed below. Co-Debtors And Obligations On The Debt When you file bankruptcy, you are addressing your individual indebtedness. If you have a co-debtor on a…