Navigation:  Bankruptcy Transaction Screen > Bankruptcy Transactions field group > Discharge/Discharged Date

Entry: User, radio

F/M: Yes

Mnemonic: None

 

If a bankruptcy transaction was processed in CIM GOLD, but then later the bankruptcy courts discharged the bankruptcy, select this radio button and enter the date the court discharged the bankruptcy in the Discharged Date field. Click <Run Transaction> and the system will discharge the bankruptcy information. Additionally, the system will update specific fields pertaining to the discharge of the bankruptcy.

 

The system will update the CIID (Consumer Information Indicator) according to what chapter of bankruptcy was discharged.

 

•"E" is for discharged through Chapter 7 bankruptcies

•"F" is for discharged through Chapter 11 bankruptcies

•"G" is for discharged through Chapter 12 bankruptcies

•"H" is for discharged through 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.