Motion for Relief from Stay
This is a discussion on Motion for Relief from Stay within the Debt Collection forum, part of the BANKRUPTCY & DEBT COLLECTIONS category; What if a Motion for Relief from Stay is only issued for one of the debtors what can the other ...
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Jul 6th, 2009, 12:32 AM
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Motion for Relief from Stay
What if a Motion for Relief from Stay is only issued for one of the debtors what can the other do?
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Jul 10th, 2009, 09:19 AM
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Re: Motion for Relief from Stay
The other debtor must either make arrangements to pay, modify or otherwise deal with the pre-petition and post-petition arrears and costs and legal fees or be foreclosed upon. A possible action is filing the other debtor's own bankruptcy, if there is not one outstanding, though this will be short-term relief if the second debtor is not able to file a c. 13 with a plan that will address the arrears. The codebtor needs to get an experienced bankruptcy lawyer - and not the same one representing the other debor.
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