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Rule 4001-3 Relief From Codebtor Stay

(a) Notice

(1) A party in interest desiring relief from the codebtor stay shall give twenty (20) days' notice to the debtor and codebtor in accordance with LBR 2002-1.

(2) Service on the debtor and codebtor shall be in accordance with FRBP 9014.

(3) The notice shall state:

(A) That as between the debtor and the codebtor, which party received the consideration for the claim held by the creditor; and

(B) Whether the plan filed by the debtor proposes to pay or not pay the claim; and

(C) Whether or not the creditor=s interest would be irreparably harmed by the continuation of the stay; and

(D) That the stay may be terminated with respect to the party seeking relief unless the debtor or codebtor files and serves a written objection; and

(E) Identity of codebtor by name.

(b) Order If an order is desired it shall be requested in accordance with LBR 9013-1(c).

Related Provisions 11 USC 1201 Stay of Action against Codebtor 11 USC 1301 Stay of Action against Codebtor FRBP 7004 Process; Service of Summons, Complaint FRBP 9014 Contested Matters LBR 2002-1 Notice to Creditors & Other Parties in Interest LBR 4001-1(e) Non-Combining of Motions LBR 9013-1 Motions and Orders