It’s important to note that the co-debtor stay only applies to consumer debts, not business debts. Additionally, the co-debtor stay is not a permanent protection.
Should you file bankruptcy to avoid judgment being entered against you? Not an uncommon question around here. First of all lets talk about what a judgment is all about: A judgment is the result when you are sued and either don’t respond to the lawsuit or lose the lawsuit. The judge, in finding in favor of… Continue reading Bankruptcy to avoid judgment