Navigation:  Bankruptcy Transaction Screen > Bankruptcy Transactions field group > Remove Bankruptcy

Entry: User, radio

F/M: Yes

Mnemonic: None

 

If you would like to remove a bankruptcy that was previously processed on an account, select this radio button and click <Run Transaction>. The bankruptcy will be completely removed from the account. 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.

 

IMPORTANT: The Remove Bankruptcy transaction will not reverse any waived late charges.  Late fees waived at the time the Bankruptcy was added will need to be manually reassessed if applicable.  

 

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