11 U.S.C. § 1301: Stay of action against codebtor

such individual became liable on or secured such debt in the ordinary course of such individual’s business; or the case is closed, dismissed, or converted to a case under chapter 7 or 11 of this title. A creditor may present a negotiable instrument, and may give notice of dishonor of such an instrument. as between the debtor and the individual protected under subsection (a) of this section, such individual received the consideration for the claim held by such creditor; the plan filed by the debtor proposes not to pay such claim; or such creditor’s interest would be irreparably harmed by continuation of such stay. Twenty days after the filing of a request under subsection (c)(2) of this section for relief from the stay provided by subsection (a) of this section, such stay is terminated with respect to the party in interest making such request, unless the debtor or any individual that is liable on such debt with the debtor files and serves upon such party in interest a written objection to the taking of the proposed action.