Bankruptcy Expenses

A.1.4 Bankruptcy Expenses

Bankruptcy expenses include any costs incurred when an account holder declares bankruptcy, such as legal fees or additional collection costs.

Bankruptcy expenses appear in the Other Due field on the Dues section of Summary tab of Customer Service screen. This is the first screen to appear on the Customer Service screen when you load an account.

Figure A-5 Bankruptcy Expenses

Description of "Figure A-5 Bankruptcy Expenses"

The adjustments will also appear in the corresponding column of Customer Service screen’s Account Balances screen for EXPENSE BANKRUPTCY Balance Type-- Waived, Charged Off, Adjusted (-), or Adjusted (+) -- depending on which of the following transactions you perform.

Figure A-6 To post a bankruptcy expense

Description of "Figure A-6 To post a bankruptcy expense"

Table A-8 Bankruptcy Expenses

Transaction	Parameters
Legal Bankruptcy Expenses	Txn Date Amount

Table A-9 To adjust a bankruptcy expense

Transaction	Parameters
Adjustment To Bankruptcy Expenses - Add	Txn Date Amount
Adjustment To Bankruptcy Expenses - Subtract	Txn Date Amount

Table A-10 To waive a bankruptcy expense

Transaction	Parameters
Waive legal Bankruptcy Expenses	Txn Date Amount

Parent topic: Monetary Transactions