The form provides that the debtor is granted discharge under 11 U.S.C. section 1228(a). The form also requires a signature by the bankruptcy judge.
Description: A Puerto Rico Order Discharging Debtor After Completion of Chapter 12 Plan — updated 2005 Act form refers to a legal document used in Puerto Rico to discharge a debtor from their obligations and provide a fresh start after successfully completing a Chapter 12 bankruptcy plan. This form is specifically designed for farmers and fishermen operating in Puerto Rico who choose to reorganize their debts and seek protection under Chapter 12 of the Bankruptcy Code. The Chapter 12 bankruptcy plan allows eligible debtors to develop a repayment plan, restructure their debts, and continue their farming or fishing operations while making affordable payments to creditors. Once the debtor completes the plan and meets all the requirements, they may file a Puerto Rico Order Discharging Debtor After Completion of Chapter 12 Plan — updated 2005 Act form to be granted a discharge, relieving them of any remaining debt obligations. There is only one type of Puerto Rico Order Discharging Debtor After Completion of Chapter 12 Plan — updated 2005 Act form provided by the Puerto Rican bankruptcy courts. This form is an updated version from the 2005 Act and ensures compliance with the current bankruptcy regulations. Keywords: Puerto Rico, Order Discharging Debtor, Completion, Chapter 12 Plan, updated, 2005 Act, bankruptcy, farmers, fishermen, legal document, discharge, obligations, fresh start, reorganize debts, protection, Bankruptcy Code, repayment plan, restructuring, affordable payments, creditors, requirements, bankruptcy courts, compliance, current bankruptcy regulations.
Description: A Puerto Rico Order Discharging Debtor After Completion of Chapter 12 Plan — updated 2005 Act form refers to a legal document used in Puerto Rico to discharge a debtor from their obligations and provide a fresh start after successfully completing a Chapter 12 bankruptcy plan. This form is specifically designed for farmers and fishermen operating in Puerto Rico who choose to reorganize their debts and seek protection under Chapter 12 of the Bankruptcy Code. The Chapter 12 bankruptcy plan allows eligible debtors to develop a repayment plan, restructure their debts, and continue their farming or fishing operations while making affordable payments to creditors. Once the debtor completes the plan and meets all the requirements, they may file a Puerto Rico Order Discharging Debtor After Completion of Chapter 12 Plan — updated 2005 Act form to be granted a discharge, relieving them of any remaining debt obligations. There is only one type of Puerto Rico Order Discharging Debtor After Completion of Chapter 12 Plan — updated 2005 Act form provided by the Puerto Rican bankruptcy courts. This form is an updated version from the 2005 Act and ensures compliance with the current bankruptcy regulations. Keywords: Puerto Rico, Order Discharging Debtor, Completion, Chapter 12 Plan, updated, 2005 Act, bankruptcy, farmers, fishermen, legal document, discharge, obligations, fresh start, reorganize debts, protection, Bankruptcy Code, repayment plan, restructuring, affordable payments, creditors, requirements, bankruptcy courts, compliance, current bankruptcy regulations.