What Is a Moratorium?

What Is a Moratorium?

ZUNE TH

S AT TA R

What Is a Moratorium?

A moratorium is a piece of legislation that delays or suspends an activity or a law.

It can be imposed by regulators, a government or a business.

A moratorium can also be used to temporarily suspend a law so that a legal challenge against it can be mounted; the moratorium will be lifted as and when the issue (which caused the moratorium to be put in place) has been resolved.

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In the context of a debt, a moratorium can be ordered by a legal official to officially delay the payment of a debt.

A moratorium can also be used to temporarily suspend a law so that a legal challenge against it can be mounted; the moratorium will be lifted as and when the issue (which caused the moratorium to be put in place) has been resolved.

What Is a Debt Moratorium?

In the context of a debt, a moratorium can be ordered by a legal official to officially delay the payment of a debt. A debt moratorium will be issued in light of extenuating circumstances that make it impossible for the debtor to pay their debt.

A moratorium is often imposed in response to temporary financial issues; for example, during bankruptcy proceedings a moratorium can be imposed on activities such as debt collection. During the period of debt relief, creditors cannot take action against the debtor for any money owed.

A moratorium is often imposed in response to temporary financial issues; for example, during bankruptcy proceedings a moratorium can be imposed on activities such as debt collection.

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FOR FURTHER INFORMATION ABOUT MORATORIUMS IN RELATION TO THE PROPERTY MARKET, VISIT THE BLOG OF ZUNETH SATTAR.