INSTRUCTIONS : SCHEDULE H CO-DEBTORS (Form B-6H)

• If you are completing a bankruptcy form Schedule H for codebtors, then you will need to have a set of clear instructions to help streamline the filing. In most instances, however, it is best to have a bankruptcy attorney assist you. Prior to the filing of Schedule H, you should understand what a codebtor is.

• A codebtor refers to any individual who you share a debt with. For instance, in the event that you bought a car or a house, a codebtor is an individual who acts as your co-signer. Co-debtors are typically offered certain protections when the debtor files for bankruptcy; in addition, a codebtor may receive credit for payments that are made by the debtor on a debt during a bankruptcy case. In summation, the codebtor will not be penalized for the debtor’s bankruptcy.

Completing Schedule H:
• To complete Form B-6H you must provide the trustee and the creditor with information concerning any and all codebtors. On this form, a codebtor represents an individual in a joint case who is liable for all debts that are listed by the debtor in the schedules of creditors. If you currently possess no codebtors then you will need to check the corresponding box and move forward to the next schedule.

• The Schedule H portion of the petition is a basic two column form; in the first column you will provide personal and basic information concerning you codebtor, such as their name, address and date of birth. In the next column you will list all information regarding the type of debt the co-signer took on for you. In this column you will provide all information regarding the debt, including the amount of the debt, the type of debt, the date it was agreed to, the amount unpaid and other particulars associated with the particular debt. In this section, you will also be detail characteristics associated with the co-debtor—for example, if the codebtor is not your spouse or if the individual co-signed a piece of property for you.