Last updated: 10/1/2024
Order Modifying Plan To Allow A Moratorium Of Payments (Conduit Plan)
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Description
ORDER MODIFYING PLAN TO ALLOW A MORATORIUM OF PAYMENTS (CONDUIT PLAN). This form is used in the United States Bankruptcy Court, District of South Carolina, for Chapter 13 bankruptcy cases when a debtor requests a temporary suspension (moratorium) of plan payments, typically due to financial hardship. The debtor's motion seeks to modify the existing payment plan, allowing a pause in payments to creditors, including mortgage payments. The deferred payments are to be repaid over the remaining term of the plan. If approved by the court, the order adjusts the monthly payment amounts and schedule, addresses any post-petition mortgage arrears, and outlines consequences if the debtor fails to make future payments, such as possible dismissal of the case. www.FormsWorkflow.com
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