Series: #12 0f 13 Our last post took a brief look at how to protect a co-debtor in a Chapter 13 bankruptcy. This article will discuss stripping off wholly unsecured mortgages. Stripping: A Tool to Modify Unsecured Mortgages One of the most valuable options to a debtor in a Chapter 13 case is the opportunity […]
Archives for May 2014
Protecting a Consumer Co-debtor: Overview of Bankruptcy: Chapter 13 and Why to File, Part 6
Series: #11 0f 13 In our previous article, we discussed ways to avoid liquidating non-exempt assets in a Chapter 13 bankruptcy. This post will briefly discuss protecting a consumer co-debtor from liability. Pursuant to 11 U.S.C. § 1301 – Stay of action against codebtor*, after filing a Chapter 13 bankruptcy, a creditor may not take any […]