Navigation:  Bankruptcy Transaction Screen > Bankruptcy Transactions field group > Convert to Chapter fields

Entry: User, radio button and drop-down lists

F/M: Yes

Mnemonic: See below

 

If you need to convert an already-established bankruptcy to a different bankruptcy chapter, select the Convert to Chapter radio button. Then select the new chapter in the drop-down list to the right (BKCHAP), as well as the date the bankruptcy was filed with the bankruptcy courts in the File Date field, as shown below:

 

 

The Converted Date field is the date the bankruptcy was converted from one chapter to another as indicated on the document sent by the bankruptcy court to your institution. Select the date as indicated on the document. The system will automatically file maintain other fields in CIM GOLD pertaining to the bankruptcy.

 

Click <Run Transaction> to process the chapter conversion. The system will update the CIID (Consumer Information Indicator) according to what chapter of bankruptcy was converted to.

 

•"A" is for Chapter 7 bankruptcies

•"B" is for Chapter 11 bankruptcies

•"C" is for Chapter 12 bankruptcies

•"D" is for Chapter 13 bankruptcies

 

This will be reported to credit repositories at monthend during the Credit Reporting process.

 

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