Sentences with phrase «other joint debtor»

Your private agreement doesn't bar a creditor from attempting to secure payment from the other joint debtor.

Not exact matches

In September 1986, the US Congress Joint Economic Committee stated that «by sacrificing their sales and jobs so that debtor nations can fully meet all interest pavements, US exporters and workers have been subsidising the bad lending policies of US and other money centre banks.

For purposes of the means test, the U.S. Bankruptcy Code defines current monthly income as including: «any amount paid by any entity other than the debtor (or in a joint case the debtor and the debtor's spouse), on a regular basis for the household expenses of the debtor or the debtor's dependents (and in a joint case the debtor's spouse if not otherwise a dependent)...» Benefits received under the Social Security Act, payments to victims of war crimes or crimes against humanity on account of their status as victims of such crimes, and payments to victims of international terrorism or domestic terrorism on account of their status as victims of such terrorism are excluded from the means test.

More importantly, as joint debtors each spouse becomes liable for the activities of the other, and each is responsible for making any payments.