Codebtors

/koʊˈdɛtərz/ noun

Definition

Plural of codebtor; multiple people who are jointly responsible for paying back a debt.

Etymology

Simple plural of 'codebtor' formed with '-s' suffix.

Kelly Says

In bankruptcy law, codebtors have a strange relationship—they're in the same sinking boat but can be enforced against separately, meaning one codebtor might be sued while another isn't, creating complex legal drama.

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