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It provides an automatic stay that protects individuals who cosigned a consumer debt with the debtor.

A creditor can request relief from this stay if the cosigner actually received the benefit of the loan or if the creditor’s interests would be "irreparably harmed". Other Notable References It provides an automatic stay that protects individuals

Creditors are generally prohibited from attempting to collect the debt from the cosigner while the bankruptcy case is active, allowing the debtor to repay the debt through their court-approved plan without indirect pressure being placed on friends or family. It provides an automatic stay that protects individuals

AI responses may include mistakes. For legal advice, consult a professional. Learn more It provides an automatic stay that protects individuals

In the United States, 11 U.S.C. § 1301 is a critical part of law.