Consumer Events

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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  • Withdrawn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  • Reaffirm Rescinded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 2 months ago