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What is the codebtor stay?

codebtor stay
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What is the codebtor stay?

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In situations where another person is obligated on a debt with the Debtor, Chapter 13 can provide protection for the codebtor. If a cosigned or guaranteed consumer debt is being paid in full, the creditor may not collect the debt from the cosigner or guarantor. The codebtor stay only applies to consumer debt.

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