Answer:
It is now the responsibility of the creditor who made the condonation/remission to be liable to his co-creditors for their corresponding shares. If one of the co-debtors would become insolvent, he still has the responsibility to share in the payment of the insolvent debtor.
The condonation or remission of debt is a mode of extinguishment of obligation wherein the creditor gratuitously renounced his right against the debtor with the latter's acceptance. The remission is simply a form of donation. It may be made expressly or impliedly.
The condonation or remission of debt is a mode of extinguishment of obligation liberality, generosity or gratuitousness; no equivalent received for the benefit given. The creditor's unilateral renunciation without the debtor's acceptance may be of pledge is presumed remitted as the principal obligation remains in effect.
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