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PRIVATE PLACEMENT FUNDING SOLUTIONS FOR ACCREDITED INVESTORS

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CHAPTER 13 AND 7 FACTS

Under Chapter 13, a codebtor stay comes into effect upon the filing of the petition under certain conditions. 11 U.S.C. § 1301. Generally, the codebtor stay prevents collection of a consumer debt against any individual who is liable on the debt with the debtor, “or that secured such debt.” The language of Section 1301(a) “is broad…

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