Washington State University
BUSINESS POLICIES AND PROCEDURES MANUAL

FINANCE
30.60
Revised 4-11
University Receivables
335-9651

Bankruptcy

PDF link

RECEIVABLES

The University Receivables Section of the Controller's Office processes all WSU claims against companies, organizations or individuals filing for bankruptcy.

CORRESPONDENCE

Departments are responsible for routing all bankruptcy-related correspondence to the University Receivables Office immediately after receipt. University Receivables' response time may be limited by a court-imposed deadline.

Bankruptcy-related correspondence includes:

Order of First Meeting

The Order of First Meeting is notification to the University that a person or organization is filing bankruptcy. University Receivables responds to this notification by:

WSU departments should rapidly respond to queries from the University Receivables Office (even when money is not owed the department).

Discharge Notice

The Discharge Notice informs WSU of the disposition of the court proceedings. University Receivables, in turn, notifies involved WSU departments and channels any recovered funds to appropriate accounts.

WRITE OFF

The Student Loans/Collections Manager or the University Receivables Manager authorizes the write off of the discharged balance of the bankruptcy.