Navigation:  Bankruptcy Transaction Screen > Bankruptcy Transactions field group > Continue Sending Bankruptcy Statements

Entry: User, checkbox

F/M: Yes

Mnemonic: BKCSOC

 

Mark this field if you want a statement to be created on a Closed Bankruptcy.

 

This option allows closed bankruptcies to continue to receive the Bankruptcy Statement (FPSRP500). Otherwise, the Bankruptcy Statement is not produced if the loan is dismissed, withdrawn, or closed.

 

Note: If the option to skip a statement during bankruptcy is on for Bill and Receipt (FPSRP294), you would need to remove all bankruptcy hold codes on the Letters and Actions tab in order for FPSRP294 to generate for the borrower.