The South Carolina Order Confirming Plan — Form 1— - Pre and Post 2005 Act is a legal document used in the state of South Carolina to confirm a plan of reorganization for a company undergoing bankruptcy proceedings. This form is specifically designed to be used before and after the 2005 Act, which refers to the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. It is important to note that there might be different versions of this form for PRE and post-2005 Act usage. Pre-2005 Act: The South Carolina Order Confirming Plan — Form 1— - Pre 2005 Act serves as an essential tool for bankruptcy cases filed before the implementation of the 2005 Act. This form ensures that the reorganization plan is confirmed and approved by the court, allowing the company to move forward in its efforts to restructure and repay its debts in an organized manner. It includes various key elements such as: 1. Plan details: The form requires a detailed description of the reorganization plan, outlining the proposed changes in the company's financial structure, operations, and debt repayment terms. 2. Creditor information: The form must include a list of all creditors with their respective claims, along with any objections or comments they may have regarding the proposed plan. 3. Confirmation hearing: The form provides information regarding the scheduled confirmation hearing, allowing interested parties to attend and express their opinions or objections to the plan. Post-2005 Act: The South Carolina Order Confirming Plan — Form 1— - Post 2005 Act is tailored to meet the requirements of bankruptcy cases filed after the enactment of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. This version of the form may have specific amendments to align with the changes brought about by the Act, including: 1. Means test compliance: The form may include provisions related to the means test, which is an evaluation of the debtor's income and ability to repay debts. This requirement helps determine the debtor's eligibility for different types of bankruptcy relief. 2. Credit counseling: The Act mandates debtors to receive credit counseling from an approved agency before filing for bankruptcy. The post-2005 Act form may require the debtor to provide evidence of completion of this counseling. 3. Financial management course: The Act also necessitates debtors to undergo a financial management course after filing for bankruptcy. The form may request proof of completion of this course to ensure the debtor is equipped with the necessary financial skills for future financial well-being. In summary, the South Carolina Order Confirming Plan — Form 1— - Pre and Post 2005 Act are variations of the same legal document used to confirm a reorganization plan in bankruptcy cases filed in South Carolina before and after the 2005 Act. These forms encompass different requirements and legal provisions based on the applicable bankruptcy laws at the time of filing, ensuring compliance and proper management of the reorganization process.