Debt Payment Process - (Part X)

The debt payment process is designed to collect funds and pay dividends to creditors across a number of jobs from a centralised trust account.

The Steps

Each step of the process and the workflow is detailed below:

• The calculation
• Debtor contributions / asset realisations
• Realisation Charge Liability
• Controlling Trustee fees
• Costs and provisions
• Administrator (appointee) Fees
• Creditor payments
• Electronic payments
• Creditor Notifications