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01 April
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Bankruptcy Hawaii and Co-Signed Debt

Posted by Ed Magauran
in Recent Articles

Money regrets. Who doesn't have them? Among the poor and even among the rich, not to mention everyone in between, you'll find that each person has more than a few. Some can be remedied. What does it mean When 2 or more people owe on the same debt they both owe 100% of the debt. Example Kimo and Kelli borrow $10,000 from Bank of Hawaii.  They both sign the contract.  The fiendly banker gives Kimo $1,000 and Kelli $9,000.  For some reason the debt isn't paid.  Bankoh sues Kimo and Kelli.  They both go to Court.  Kimo brings $1,000 and hands it to the...

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01 January
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What is a Co-Debtor Stay in Chapter 13 Hawaii Bankruptcy?

Posted by Ed Magauran
in Recent Articles

The Co-Debtor Stay applies in Chapter 13 bankruptcy toconsumer debts. It does not apply in a Chapter 7 bankruptcy. The co-debtor stay stops collection against people who are not in bankruptcy.  When a person files chapter 13 that filing also protects any one else who owes onthe debt as well.  It protets them even though they did not file bankruptcy. A co-debtor is someone who agrees to be liable on the debt with the debtor, the person filing bankruptcy. It does not matter if they sign as "secondary" or "primary" or as "guarnator" or as a "surety." All of those persons...

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