Car loan providers need to have a basic knowledge of the consumer bankruptcy proceeding processes. An extremely important component of any user case of bankruptcy is the automatic stand. Brand new “automated stand” ‘s the name of the injunction you to pops up immediately abreast of the filing of any personal bankruptcy. Brand new remain suppresses loan providers from, on top of other things, seeking collect to the a personal debt you to definitely arose before the bankruptcy filing. A loan provider just who willfully violates new automated stand age, plus punitive damages.
From inside the a part thirteen individual personal bankruptcy, this new automated stay reaches co-debtors.ادامه خواندن