Joint Debtor or Co-Debtor?

///Joint Debtor or Co-Debtor?

Joint Debtor or Co-Debtor?

Joint Debtor and Co-Debtor sounds like the same thing or same debtor, but they have distinct meanings in bankruptcy. A person who owes money along with you on a given obligation is your  joint debtor; whereas, a person who files bankruptcy with you is your co-debtor. For example, a parent who co-signs a student loan for you is your joint debtor. Your wife who files bankruptcy with you is your co-debtor.

You can be a co-debtor without being a joint debtor on anything.

 

 

2018-05-15T03:36:33+00:00

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