Each bankruptcy references a bankruptcy type, which controls many aspects of how the bankruptcy is processed. These aspects may include the following:
The lifecycle of the bankruptcy
The rules for determining the taxpayer's obligations that can be included in the bankruptcy
The applicability of suppression
The applicability of payment plans
The creation of proofs of claim
Refer to The Big Picture of Bankruptcies for a description of business rules that you control when you set up your bankruptcy types.
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