Managing Personal Insolvency Payment Agreements - Overview

Pre-agreement

• Tasks
• Document production
  • Initial circular to creditors
• Meetings

Debt Agreement Process

• Setting up a Part IX - Debt Agreement and debtor details
• Setting up a Part X - CT / PIA and debtor details

• Creating a Debtor Contribution

• Entering a Debtor Contribution receipt
• Importing Debtor Contribution Receipts from a spreadsheet
• Accepted Debt Agreement Setup - Importing Creditors
• Entering IP Fee Approvals
• Entering Account Payable: Fees
• Entering provisions for other liabilities
• Monitoring the debtor contribution process and follow ups
  • Debtor Contribution Detail Report
  • Debtor Contribution direct debit dishonours
  • Debtor Contribution Home Page Collection Summary (Arrears Management)
• AFSA Fees, Charges and Interest
  
  • AFSA Debt Agreement lodgement fees
  • AFSA Realisation Charge accrual, and payment
  • Single Trust Account AFSA Interest Payments
  • Remitting ASFA Asset Realisation Charge liability
• Making Grouped Distribution Payments
  
  • Creating Trust Account Distributions
  • Payment Options for Centralised Distributions
  • Using Banking Integration to send payment files
  • Creating Bank Output files
  • Sending Remittance Advice
• Debt Purchasers or Reassignment
• File Notes and Task Management
• Variations and Terminations
• Reporting
  • Debt Agreement Setup Fees
  • Debtor Summaries
  • Debtor Contribution Detail Report
  • 3-month & 6-month arrears default report
  • Trust Account Banking Reconciliation
  • AFSA AAR reports