285A judgment debtor to whom this Part applies may, on due notice to the judgment creditor or, if an insurer is subrogated under section 266 of the Insurance Act to all rights of recovery that the judgment creditor has against the judgment debtor, to the subrogated insurer, apply to the Court in which the trial judgment was obtained, for the privilege of paying such judgments in instalments, and the Court may, in its discretion, so order, fixing the amounts and times of payment of such instalments; and while the judgment debtor is not in default in payment of such instalments, he shall be deemed not in default for the purposes of this Part in payment of the judgment, and upon filing proof of financial responsibility for future accidents pursuant to this Part, the Registrar shall restore or shall not suspend the motor vehicle privilege of such judgment debtor but such motor vehicle privilege shall again be suspended, and remain suspended as provided in section 276, if the Registrar is satisfied of default made by the judgment debtor, in compliance with the terms of the court order.