Chapter 13 Bankrputcy

Chapter 13 Bankrputcy Bankruptcy Law: Chapter 13, Reorganization of Debt The federal command for the form of bankruptcy commonly known as Chapter 13 is cited in legal briefs as 11 USC CHAPTER 13 - ADJUSTMENT OF DEBTS OF AN INDIVIDUAL WITH REGULAR INCOME. Section 1301 this code non only relieves the bankrupt debtor, but it also relieves the codebtor. US name into as of: 01/23/00 Sec. 1301.

Stay of action against codebtor (a) Except as provided in subsections (b) and (c) of this section, after the order for relief under this chapter, a creditor may not act, or commence or get over either civil action, to collect all or any part of a consumer debt of the debtor from any single(a) that is conceivable on such(prenominal) debt with the debtor, or that secured such debt, unless - (1) such individual became liable on or secured such debt in the universal course of such individuals business; or (2) the topic is closed, dismissed, or converted to a ca...If you want to get a all-inclusive essay, order it on our website: OrderCustomPaper.com

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