If you can’t or won’t pay a co-signed debt, or pay a co-signer, you need to protect yourself from that debt and from your co-signer.
If protecting your co-debtor from having to pay your debt is a high priority, Chapter 13 has a remarkable tool for doing that.
Don’t be afraid to file bankruptcy because of how it would affect a co-signer. Your bankruptcy often actually helps that co-signer.
A creditor might want to pursue your co-debtor, protect itself from violating the stay, or take some other action other than collect money.
Chapter 7 strengthens your hand with your secured debts. But Chapter 13 can be much stronger. Starting with a more potent “automatic stay.”
Through bankruptcy, you may be able to and want to pay a co-signed debt. If not, you need protection from that debt and from your co-signer.
The “co-debtor stay,” available only under Chapter 13, is a creative tool for protecting your co-signer from being forced to pay your debt.
Bankruptcy may give a fresh start not just to you, but also to your relationship with your co-signer.
We’re lingering in the Thanksgiving spirit by appreciating what Chapter 13 has to offer.
The âco-debtorâ stay is a remarkable tool for protecting your co-signer from having to pay your debt.
Sometimes you donât need the extra help of the Chapter 13 âco-debtorâ stay to protect your co-signer from your debt problems.
Chapter 7 doesn’t stop a co-signed creditor from chasing your co-signer. Chapter 13 does. Now and forever.
Chapter 7 does not have the fancy “co-debtor stay” of Chapter 13. But in the right circumstances it can still shield your co-signer better.
There’s so much to be thankful for in bankruptcy. Here are five final huge benefits.
If you can’t protect your co-signer through Chapter 7, Chapter 13 provides a strong and creative solution.
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