Sec. 240002. Bankruptcy relief
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/bill/116/hr/6379/ih/section-240002·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 101(10A)(B)(ii) of title 11, United States Code, is amended— in subclause (III), by striking ; and and inserting a semicolon; in subclause (IV), by striking the period at the end and inserting ; and ; and by adding at the end the following: Payments made under Federal law relating to the national emergency declared by the President under the National Emergencies Act ( 50 U.S.C. 1601 et seq.) with respect to the coronavirus disease 2019 (COVID–19). . Section 1325(b)(2) of title 11, United States Code, is amended by inserting payments made under Federal law relating to the national emergency declared by the President under the National Emergencies Act ( after 50 U.S.C. 1601 et seq.) with respect to the coronavirus disease 2019 (COVID–19), other than .
Section 1329 of title 11, United States Code, is amended by adding at end the following: Subject to paragraph (3), for a plan confirmed prior to the date of enactment of this subsection, the plan may be modified upon the request of the debtor if— the debtor is experiencing or has experienced a material financial hardship due, directly or indirectly, to the coronavirus disease 2019 (COVID–19) pandemic; and the modification is approved after notice and a hearing. A plan modified under paragraph
(1)may not provide for payments over a period that expires more than 7 years after the time that the first payment under the original confirmed plan was due. Sections 1322(a), 1322(b), 1323(c), and the requirements of section 1325(a) shall apply to any modification under paragraph (1). . The amendments made by paragraphs
(1)and
(2)shall apply to any case commenced before, on, or after the date of enactment of this Act. The amendment made by paragraph
(3)shall apply to any case for which a plan has been confirmed under section 1325 of title 11, United States Code, before the date of enactment of this Act. Section 101(10A)(B)(ii) of title 11, United States Code, is amended— in subclause (III), by striking the semicolon at the end and inserting ; and ; in subclause (IV), by striking ; and and inserting a period; and by striking subclause (V). Section 1325(b)(2) of title 11, United States Code, is amended by striking payments made under Federal law relating to the national emergency declared by the President under the National Emergencies Act ( . 50 U.S.C. 1601 et seq.) with respect to the coronavirus disease 2019 (COVID–19), Section 1329 of title 11, United States Code, is amended by striking subsection (d). The amendments made by paragraph
(1)shall take effect on the date that is 1 year after the date of enactment of this Act.
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Sec. 240002
Bankruptcy relief
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