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CARES Act, Part Two: Plan Payment Issues Resulting from COVID-19

In Part Two, we discuss the CARES Act amendments to Section 1329(d)(1) of the Bankruptcy Code, regarding what happens when a chapter 13 debtor can no longer make his or her plan payments as a result of the COVID-19 pandemic. Under amended Section 1329(d)(1) of the Bankruptcy Code, debtors with plans confirmed prior to the enactment of the CARES Act on March 27, 2020, may modify and extend their confirmed chapter 13 plans from the standard three or five year plan to a seven ye