Accessing the Blanket Bond Disbursement:

• From the top Main Menu toolbar (File Menu), select ‘Case Administration’ > ‘Blanket Bond Disb.’, which invokes the Blanket Bond Disbursement screen (shown below).

Blanket Bond Disbursement Fields:

Trustee – Select the Trustee number for which the blanket bond disbursement will be calculated.

Reverse – Click on the ‘Reverse’ button if you “Post Checks” in error and want to generate a reversing entry on the ledger.

Balance to Use for Disbursement Calculations – Select either the ‘Use Ledger Balance’ or ‘Use Bank Balance’ radio buttons for payment calculation.

Premium Type – Select the type of premium you pay, either ‘pro-rated’ or ‘flat-fee’ via the radio buttons.

• Pro-rated means the bond premium amount is already set and will be allocated among all of the cases with funds.
• Flat-fee means the bond premium will be calculated based on a percentage (usually determined by the UST) of the funds held for each case.

Include TDR Cases – Check this box if you want to disburse funds from cases for which final distribution has occurred.

Note:  Selecting the ‘Include TDR cases’ option would be very rare (for example, if money was returned to the estate after the case was closed).

Include TFR Cases – Check this box if you want to disburse funds from cases for which a Final Report has been filed.

Note:  Selecting the ‘Include TFR Cases’ option would also be extremely rare (for example, finding an asset and reopening a case after the case was closed).

Premium Amt. – Enter the blanket bond premium amount due.  This field is available when you select “pro-rated” as the Premium Type.

As of Date – There are three ways to change the ‘As of Date’ field:

• Enter the date the premium is/was due.-OR-
• Double click on the ‘As of Date’ field or type the letter “T” (as in “today”) to insert the current system date.-OR-
• Click on the ‘Calendar’ icon and select the desired day, month and year.

Minimum Bal. – Enter the amount to be considered the minimum balance into the ‘Minimum Bal.’ field.  The minimum balance feature will exclude all of the cases that do not meet the amount entered.

Calculate @ and per $ – These two fields are available when you select “flat-fee” as the Premium Type.  Enter the dollar amounts to be used in the “flat-fee” ratio (e.g., “$1.00 per $500.00”).

Preview – Click on the ‘Preview’ button to display on screen a Bond Payment Report that shows the proposed blanket bond disbursement information per case.

Print – Click on the ‘Print’ button to print a Bond Payment Report that shows the proposed blanket bond disbursement information per case.

Continue – After you have printed or previewed the Bond Payment Report, click on ‘Continue’ to post (write) checks to the ledger.  The Trustee Bond screen will appear with the following fields.  Trustee Suite will recalculate the blanket bond disbursement before posting the checks.

• Payee:  Select a Payee from the pull-down list of Repetitive Payees for the bond payment checks (usually the insurance company or the Trustee’s “recovery account”).  If the payee is not listed, you must add it at the Repetitive Payee list located under the ‘Tables’ tab on the top Main Menu toolbar (File Menu):  Select ‘Tables’ > ‘Repetitive Payees’.
• Ledger Category:  Select the Category 2300-00 Bond Payments from the combo box drop-down menu.
• Additional Check Description:  Enter additional information (e.g., bond number) to the end of the check description area.
• Post Checks:  Click on this button to post checks payable to the above specified Payee from each case.  This does not print the checks.
• Back:  Click on this button to return to the previous page.
• Close:  Click on this button to close the entire operation.

Print Bond Premium Checks

After you have populated all of the fields on the Blanket Bond Disbursements screen and have printed or previewed the Bond Payment Report, click on ‘Continue’ to invoke the following screen:

To post (write) checks to the ledger, click on the ‘Post Checks’ button above, which invokes the following screen, then click on the ‘OK’ button in the pop-up and then ‘Close’ in the Blanket Bond Disbursements screen.