Bankruptcy Values

Introduction

These are the options for the bankruptcy collections. For endpoints and payloads, see our article on Bankruptcy in the API. Or, for more general information and how to track bankruptcy in the UI, just see this article on Bankruptcy.

Bankruptcy Chapter

Value	Description
`loan.bankruptcyChapter.chapter7`	This filing is used for individual liquidation.
`loan.bankruptcyChapter.chapter9`	This filing is used for municipalities reorganization.
`loan.bankruptcyChapter.chapter11`	This filing is used for business reorganization.
`loan.bankruptcyChapter.chapter12`	This filing is used for family farmer and fisherman.
`loan.bankruptcyChapter.chapter128`	This filing is used as a debt consolidation repayment plan for Wisconsin residents.

Bankruptcy Petition Status (loan.bankruptcypetitionstatus)

Value	Description
`loan.bankruptcyPetitionStatus.discharged`	There is no longer an obligation to pay a qualifying debt, or the bankruptcy plan has been fulfilled.
`loan.bankruptcyPetitionStatus.dismissed`	The bankruptcy was dismissed by the court and is no longer in force.
`loan.bankruptcyPetitionStatus.petitionFiled`	The bankruptcy petition has been filed. This is usually the starting point for a bankruptcy.
`loan.bankruptcyPetitionStatus.planConfirmed`	Bankruptcy repayment plan has been confirmed by the court and is valid and in force.
`loan.bankruptcyPetitionStatus.reaffirmed`	Secured debt will be paid according to the original agreement. The borrower will remain in possession of the collateral.

Bankruptcy Petition Type (loan.bankruptcypetitiontype)

Value	Description
`loan.bankruptcyPetitionType.single`	Petition has been filed by an individual.
`loan.bankruptcyPetitionType.joint`	Petition has been filed by an individual and spouse.

Bankruptcy Process Status (loan.bankruptcyprocessstatus)

Value	Description
`loan.bankruptcyProcessStatus.claimFiled`	A claim has been filed for the bankruptcy, but has not yet undergone the legal process to make it valid.
`loan.bankruptcyProcessStatus.discharged`	The obligation to pay a qualifying debt is discharged, or the bankruptcy payment plan has been completed.
`loan.bankruptcyProcessStatus.dismissed`	The bankruptcy was dismissed by the court (most often because the claimant failed to fulfill the terms of the payment plan).
`loan.bankruptcyProcessStatus.noticeReceived`	Official notice of the filing of a bankruptcy claim has been received by you, the lender.
`loan.bankruptcyProcessStatus.petitionFiledVerified`	The bankruptcy petition was filed and verified.
`loan.bankruptcyProcessStatus.planConfirmed`	Bankruptcy repayment plan has been confirmed by the court and is valid and in force.
`loan.bankruptcyProcessStatus.reaffirmed`	Secured debt will be paid according to the original agreement. The borrower will remain in possession of the collateral.

Bankruptcy Automatic Stay Status (loan.bankruptcyautomaticstaystatus)

Value	Description
`loan.bankruptcyAutomaticStayStatus.courtApproved`	The automatic stay has been approved by the court.
`loan.bankruptcyAutomaticStayStatus.enforced`	The automatic stay is being enforced.
`loan.bankruptcyAutomaticStayStatus.pending`	The automatic stay is pending.

Bankruptcy Liened Property Status (loan.bankruptcylienedpropertystatus)

Value	Description
`loan.bankruptcyLienedPropertyStatus.abandonmentByTrustee`	The bankruptcy trustee has decided not to take property that may have been included in the bankruptcy.
`loan.bankruptcyLienedPropertyStatus.dischargedInBankruptcy`	A discharge eliminates a debtor's personal liability for liened property.
`loan.bankruptcyLienedPropertyStatus.reaffirmed`	Secured debt will be paid according to the original agreement. The borrower will remain in possession of the collateral.

Objection Status (loan.bankruptcyobjectionstatus)

Value	Description
`loan.bankruptcyObjectionStatus.claimFiled`	These are objections to the original bankruptcy filing.
`loan.bankruptcyObjectionStatus.dischargeFiled`	These are objections to the discharge a debtor's total debt from all creditors.
`loan.bankruptcyObjectionStatus.dischargeOfDebtFiled`	These are objections to the discharge of a specific debt from a specific creditor.
`loan.bankruptcyObjectionStatus.notAvailable`	This status can be used if you don't know the status of the bankruptcy.

Proof of Claim Filed Status (loan.bankruptcyproofofclaimfiledstatus)

Value	Description
`loan.bankruptcyProofOfClaimFiledStatus.filed`	This indicates that you have proof that a claim has been filed.
`loan.bankruptcyProofOfClaimFiledStatus.pending`	This indicates that proof is still pending.

Updated 4 months ago