Debt can be crippling and in some cases, debtors filing for bankruptcy need help to dispel and get rid of their debt. However, what happens when someone has a debt that has more than one signer on it? Co-debtor should take care of some special considerations to make the most of bankruptcy and ensure that everyone gets a favorable outcome. What Is A Co-Debtor and How Does My Bankruptcy Affect Them? When filing for bankruptcy only parties that are listed on the papers and are actually filing are going to be absolved of......
Continue Reading
Bankruptcy is a difficult process for many to understand. It can be complicated to figure out what happens if the person filing passes away. Though it may be difficult to understand, it is not entirely impossible. Here, we will take a closer look at what happens to debt and bankruptcy after death. How Death and Bankruptcy Work in California? Generally, when a bankruptcy agreement is reached and is agreed upon by the court, it applies only to the person that filed and not to anyone that might be left behind when they pass.......
Continue Reading