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Notes on Asset Realisations

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  • This section describes the actions under the Asset register.
  • Marking an Asset as a Part Sale ensures that it is still available for realisation.  Assets marked as Partly Realised may be included in future Asset Sales.
  • Changes to projections depend on whether the item being altered is an asset listed on the statement of affairs or not. Projections regarding statement of affairs assets are adjusted by altering the ERV Low value as discussed above (see section “Maintaining Assets” here). Changes to the estimated outcome for assets not shown on the statement of affairs or liabilities are adjusted from the Position tab.
  • This section explains how to write off an asset in the accounts.
  • This section explains how to raise a credit note.
  • This section explains how to write off a "cash at bank" asset. CCH Insolvency handles "cash at bank" assets differently to most other assets, and the normal method for writing off an asset cannot be used here.  A different process must therefore be followed.
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CCH Insolvency

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