Bankruptcy with Return 

Use

You can use this function to terminate an existing lease when a lessee has filed for bankruptcy and can no longer meet their contractual obligations. The leased object is returned to the lessee in this change process.

When you execute this change process, the bankruptcy date is also the end-of-lease date for the follow-up contract. You have to lock the business partner data in the CRM and ERP system. Since the system automatically creates the vendor invoices if you set the Automatic Acceptance indicator, you have to delete any such vendor invoices manually.

The change process takes place at item level, which means the changes apply to individual lease items only. The process can be executed only for the full quantity of the leased objects. You can execute this change process manually only by choosing Actions; you cannot execute this change process as an option.

This change process is created in Customizing under the technical name BANK.

Prerequisites

●      You have an active lease with the status Released.

●      The lessee has filed for bankruptcy and has returned the leased object to the lessor.