Field

Description

Chapter/Case

Mnemonic: BBCHAP, BBCASN

Use this field to indicate the bankruptcy chapter and case number being filed for the customer selected in the list view. This field is required when processing bankruptcy.

Date Bankruptcy Filed

Mnemonic: BBFILD

Use this field to indicate the date that will be shown on bankruptcy notices as the bankruptcy filing date. See below for more information.

Date Bankruptcy Filed details

Notice Received

Mnemonic: BBNRCD

Use this field to indicate the date the bankruptcy notice was received by your institution. Bankruptcy notices are sent to your institution from the Bankruptcy Court.

This date must be at least one day more than the Date Bankruptcy Filed (see above), unless the Allow File And Notice Dates Same Day field on the Bankruptcy Options screen is marked. If that field is marked, this date can be the same date as the Date Bankruptcy Filed (or even a future date).

Date Bankruptcy Posted

Mnemonic: BBDTBP

This field displays the date the bankruptcy notice was posted by your institution. This is the date the Bankruptcy transaction was run, as explained in the Placing a Customer in Bankruptcy section.

This is an important date. Bankruptcy calculations use this date in calculating amounts, such as Proof of Claim.

POC Filed Date

Mnemonic: BADCLM

Use this field to indicate the date your institution’s claim was submitted to the Bankruptcy Court.

Date Of Abandonment Order

Mnemonic: BAABAD

Use this field to indicate the date the trustee is scheduled to abandon property from the bankruptcy estate, thereby releasing it to the debtor. See section 544 (a) and (b).

Adversary Action Pending

Mnemonic: BAAAPD

Use this field to indicate the date adversarial action was undertaken.

Collateral Seized/Surrendered

Mnemonic: BACDSS

Use this field, if applicable, to indicate the date your institution reclaimed any collateral on the customer account (either voluntarily or involuntarily).

Relief/Lift Of Stay

Mnemonic: BBSTAD

Use this field to indicate the date the Bankruptcy Court set as the Lift of Stay (in other words, the date your institution can resume collecting payments from the bankrupt customer).

Options pertaining to the relief/lift of stay can be set in the Relief/Lift Of Stay field group on the Bankruptcy Options screen.

Scheduled Hearings

Mnemonic: BBHDS1-4, BBHRD1-4

Use these fields to indicate the types of bankruptcy hearings for the account and the dates they occurred. Bankruptcy hearing types must first be set up on the Loans > System Setup Screens > Bankruptcy Hearing Descriptions screen before they can be selected in these fields.

Up to 4 hearings can be indicated in these fields.

Loan Type

Mnemonic: LNTYPE

This field displays the loan type and description. The loan type is defined by your institution and set up at the time of origination.

Correct Last Transaction/Nothing To Correct

Mnemonic: N/A

Check this box and click <Verify Transaction> to undo or otherwise correct the bankruptcy information for the selected customer. When this field is not available (or necessary), the name of this field is Nothing To Correct and is disabled for use.

You can only undo a bankruptcy before monthend. After monthend, when the account has been reported to credit repositories as bankrupt (Consumer Information Indicator code), you must use one of the following options in the Actions and Dates field group:

•Dismissal

•Withdrawn

•Discharge

See Undoing Bankruptcy for more information.

Actions and Dates field group

See Actions and Dates field group for more information.

Proof Of Claim field group

See Proof Of Claim field group for more information.

Confirmed By Court Chapter 13 field group

See Confirmed By Court Chapter 13 field group for more information.

Balance at Bankruptcy

Mnemonic: BAPBAL

This field displays the balance of the customer loan account at the time bankruptcy was filed. This is the principal balance on the loan as of the Date Bankruptcy Filed.

Total due as of Filing Date

Mnemonic: BATDAF

This field displays the total amount due on the customer loan account as of the Date Bankruptcy Filed (see above). This was the total amount due on the loan to bring it to a current status (as of the Date Bankruptcy Filed, which may be a different date than the Date Bankruptcy Posted above). It is the sum of all payments due on the loan plus any outstanding late charges and fees, minus partial payments made.

Use the Claim Information link to process any prepetition arrearages matching this total. The total amount of prepetition arrearages is the same as the Total Due as of Filing Date, and it is fed to Part 9 of the Bankruptcy POC (see Amount necessary to cure any default as of the petition date field).

Secured Court Balance

Mnemonic: BACRTB

Use this field to indicate the amount of the loan secured by the court in bankruptcy proceedings. You may need to enter this amount in the Amount of Secured Claim field on the Bankruptcy POC pop-up screen, which can be reached by clicking the Proof of Claim link at the bottom of the Bankruptcy Detail screen.

Current Balance

Mnemonic: LNPBAL

This field displays the current balance of the customer loan account. It is pulled from the Principal Balance field on the Loans > Account Information > Account Detail screen. If a customer makes payments to their account in bankruptcy, this field will reflect those payments accordingly.

Date Last Paid

Mnemonic: LNDTLP

This field displays the most recent date a payment was made on the customer loan account.

If institution option NDLP is not set and a deferment was recently run, this field will display the deferment amount.

Amount Last Paid

Mnemonic: LNLPMA

This field displays the amount of the most recent payment made on the customer loan account.

Partial Written Off Amount

Mnemonic: LNPWOA

This field displays the current partial write-off amount on the customer loan account. See below for more information.

Partial Written Off Amount details

Dismissal/Withdraw Balance

Mnemonic: BAPWRT

This field indicates the balance of the account at the time a Dismissal or Withdraw transaction was performed.

Original/Current Maturity Date

Mnemonic: MLOMAT

These fields contain the original maturity date of the customer loan account (as set during origination) and the current maturity date.

Number of Bankruptcy Filings

Mnemonic: BBPBCF

This field indicates the number of times the selected customer has filed for bankruptcy.

VP Hold Over Date

Mnemonic: BAVHOD

Use this field to indicate the VP hold over date for the customer account (if applicable to your institution). This field is used only for informational purposes.

Non-File Ins Claim Date

Mnemonic: BANFIC

Use this field to indicate the Non-File Insurance date for the customer account (if applicable to your institution). This field is used only for informational purposes.

% Paid To Unsecured Creditor

Mnemonic: BAPPUC

This is the percentage of the total claim amount paid to any unsecured creditor.

Composition

Mnemonic: BACPSN

Use this field to indicate whether the bankruptcy claim was settled as a result of a composition of creditors. Either this or the Pro Rata field below must be checked.

Pro Rata

Mnemonic: BAPRTA

Use this field to indicate whether creditors agreed to accept partial payment of their amount of the claim to be divided pro rata between them. Either this or the Composition field above must be checked.

Consumer Information Indicator

Mnemonic: BECIID

This field is automatically maintained any time a bankruptcy transaction is run, or any time a modification to the bankruptcy (see Actions and Dates field group) is made. On rare occasions, you may need to manually change this field. You will need proper security clearance to do so. See below for more information.

Consumer Information Indicator details

Date CII Set

Mnemonic: BECIDT

This field displays the date the Consumer Information Indicator was set for the customer filing for bankruptcy. Usually this is the same date as the Date Bankruptcy Posted above. It may also be the date any other actions were applied to this bankruptcy. See Actions and Dates field group.