Navigation:  Bankruptcy Transaction Screen > Bankruptcy Transactions field group > Close/Closed Date

Entry: User, radio

F/M: Yes

Mnemonic: None

 

If a bankruptcy transaction was processed in CIM GOLD, but then later the bankruptcy courts closes the bankruptcy, select this radio button and enter the date the court closed the bankruptcy in the Closed Date field (BKCLDT). Click <Run Transaction> and the system will close the bankruptcy information. Additionally, the system will remove the bankruptcy hold codes and action code 194 from the loans.

 

The system will update the CIID (Consumer Information Indicator) to be blank or retain what was previously reported before the bankruptcy transaction was run. This information is reported to credit repositories at monthend during the Credit Reporting process.

 

For a more detailed explanation, see the main Bankruptcy Transaction screen help.