Last updated: 8/29/2024
Notice Of Motion For Relief From Stay Codebtor Stay {LBF-3}
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Description
AK LBF 3 - NOTICE OF MOTION FOR RELIEF FROM STAY [CO-DEBTOR STAY §§1201/1301]. This form is used to notify parties of a motion seeking relief from the co-debtor stay in a bankruptcy case under 11 U.S.C. §§ 1201 or 1301. The co-debtor stay typically protects co-debtors (such as co-signers) from collection efforts related to the debt of the primary debtor. The notice informs the parties that a creditor has requested permission to proceed against a co-debtor despite this protection. It includes the reason for the motion and the deadlines for filing objections. If no objections are filed within the specified timeframe, the co-debtor stay will be terminated automatically without a hearing. The notice also provides details on how to appear at a hearing, if one is held. www.FormsWorkflow.com
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