Consumer Events
Bankruptcy
In order to report these events in Metro2, need to provide details about each event in the respective endpoints.
For them to be captured in the reporting cycle of a furnishment, the event's effective date needs to occur before or on the statement date.
Different Bankruptcy Events:
- Filed
- Withdrawn
- Discharged
- Reaffirmed
- Reaffirm Rescinded
- Reversed
- Reversing a bankruptcy event will bring the consumer to its previous bankruptcy state
- If there is no previous bankruptcy state, the bankruptcy will no longer be reported
Nice to know
- When you report a bankruptcy, it will be reported on all accounts related to that consumer.
- When you discharge a bankruptcy, you can choose which accounts the bankruptcy should be excluded from.
Updated 7 months ago