Program Modules
Orderly Payment of Debts
The OPD module assists in the administration of files under the Orderly Payment of Debts sections of the Bankruptcy and Insolvency Act and is intended for government departments that deal with that program. This module contains all of the forms required under these regulations including the Affidavit, the Notice to Creditors and the Consolidation Order.
The edit functions of the OPD module allow for the recording of the creditors and their claims, the listing of assets, the creation of a distribution schedule to creditors, and the maintenance of a payment schedule for the debtor.
The banking functions include the ability to record payments made by the debtor, make distributions to creditors, and produce the distribution cheques. Distributions to creditors can be scheduled monthly, quarterly, etc., or they can be made for one selected debtor at any time. A single cheque is issued to each creditor in a distribution, and each debtor whose payment contributes to that total is listed on the cheque stub.
Requirements
Insolvency Manager BASE Module, BANKING module, and Cheque Writer