MenuOne item of information we need about each of your debts is whether anyone else signed for or is otherwise responsible for a debt. This information needs to be disclosed in the bankruptcy petition. As a matter of bankruptcy planning, a determination must be made about what is likely to happen to the co-obligor once you file, and whether such is a cause for concern to the debtor.
Classification of Claims
A chapter 13 plan may provide for multiple classes of unsecured claims, which may be treated or paid differently. Most commonly encountered for debts where an non-debtor has co-signed and in joint petitions where a husband and wife have significantly different individual assets.
