The co-debtor stay prevents a creditor from acting, or commencing or continuing any civil action, to collect all or part of a debt from the co-debtor.
What is co-debtor stay?
The Co-Debtor stay only postpones the creditor's collection actions until after the bankruptcy is over. The Co-Debtor is protected during the life of the bankruptcy, but once the bankruptcy is over, the co-debtor remains liable for the unpaid debt.
What is a Codebtor?
Legal Definition of codebtor
: one that shares liability for a debt : a fellow debtor.