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

ValueDescription
loan.bankruptcyChapter.chapter7This filing is used for individual liquidation.
loan.bankruptcyChapter.chapter9This filing is used for municipalities reorganization.
loan.bankruptcyChapter.chapter11This filing is used for business reorganization.
loan.bankruptcyChapter.chapter12This filing is used for family farmer and fisherman.
loan.bankruptcyChapter.chapter128This filing is used as a debt consolidation repayment plan for Wisconsin residents.

Bankruptcy Petition Status (loan.bankruptcypetitionstatus)

ValueDescription
loan.bankruptcyPetitionStatus.dischargedThere is no longer an obligation to pay a qualifying debt, or the bankruptcy plan has been fulfilled.
loan.bankruptcyPetitionStatus.dismissedThe bankruptcy was dismissed by the court and is no longer in force.
loan.bankruptcyPetitionStatus.petitionFiledThe bankruptcy petition has been filed. This is usually the starting point for a bankruptcy.
loan.bankruptcyPetitionStatus.planConfirmedBankruptcy repayment plan has been confirmed by the court and is valid and in force.
loan.bankruptcyPetitionStatus.reaffirmedSecured debt will be paid according to the original agreement. The borrower will remain in possession of the collateral.

Bankruptcy Petition Type (loan.bankruptcypetitiontype)

ValueDescription
loan.bankruptcyPetitionType.singlePetition has been filed by an individual.
loan.bankruptcyPetitionType.jointPetition has been filed by an individual and spouse.

Bankruptcy Process Status (loan.bankruptcyprocessstatus)

ValueDescription
loan.bankruptcyProcessStatus.claimFiledA claim has been filed for the bankruptcy, but has not yet undergone the legal process to make it valid.
loan.bankruptcyProcessStatus.dischargedThe obligation to pay a qualifying debt is discharged, or the bankruptcy payment plan has been completed.
loan.bankruptcyProcessStatus.dismissedThe bankruptcy was dismissed by the court (most often because the claimant failed to fulfill the terms of the payment plan).
loan.bankruptcyProcessStatus.noticeReceivedOfficial notice of the filing of a bankruptcy claim has been received by you, the lender.
loan.bankruptcyProcessStatus.petitionFiledVerifiedThe bankruptcy petition was filed and verified.
loan.bankruptcyProcessStatus.planConfirmedBankruptcy repayment plan has been confirmed by the court and is valid and in force.
loan.bankruptcyProcessStatus.reaffirmedSecured debt will be paid according to the original agreement. The borrower will remain in possession of the collateral.

Bankruptcy Automatic Stay Status (loan.bankruptcyautomaticstaystatus)

ValueDescription
loan.bankruptcyAutomaticStayStatus.courtApprovedThe automatic stay has been approved by the court.
loan.bankruptcyAutomaticStayStatus.enforcedThe automatic stay is being enforced.
loan.bankruptcyAutomaticStayStatus.pendingThe automatic stay is pending.

Bankruptcy Liened Property Status (loan.bankruptcylienedpropertystatus)

ValueDescription
loan.bankruptcyLienedPropertyStatus.abandonmentByTrusteeThe bankruptcy trustee has decided not to take property that may have been included in the bankruptcy.
loan.bankruptcyLienedPropertyStatus.dischargedInBankruptcyA discharge eliminates a debtor's personal liability for liened property.
loan.bankruptcyLienedPropertyStatus.reaffirmedSecured debt will be paid according to the original agreement. The borrower will remain in possession of the collateral.

Objection Status (loan.bankruptcyobjectionstatus)

ValueDescription
loan.bankruptcyObjectionStatus.claimFiledThese are objections to the original bankruptcy filing.
loan.bankruptcyObjectionStatus.dischargeFiledThese are objections to the discharge a debtor's total debt from all creditors.
loan.bankruptcyObjectionStatus.dischargeOfDebtFiledThese are objections to the discharge of a specific debt from a specific creditor.
loan.bankruptcyObjectionStatus.notAvailableThis status can be used if you don't know the status of the bankruptcy.

Proof of Claim Filed Status (loan.bankruptcyproofofclaimfiledstatus)

ValueDescription
loan.bankruptcyProofOfClaimFiledStatus.filedThis indicates that you have proof that a claim has been filed.
loan.bankruptcyProofOfClaimFiledStatus.pendingThis indicates that proof is still pending.