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CERCLA Bankruptcy Data Entry Guidance

The link to the data entry guidance for CERCLA Bankruptcy is below. The ICIS Guidance is located in Appendix D of this document.

 

http://intranet.epa.gov/oeca/osre/project/bank-center/bank-docs/bank-data-guide-2011.pdf.

 

 

BACKGROUND:

 

Over the past few years, the Agency has participated in an increasing number of bankruptcies concerning environmental liabilities under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) and other environmental statutes. Many of these bankruptcies are complex, often involving several statutes, and multiple regions, sites, and debtors. It is essential for EPA to accurately track bankruptcy information in order to capture commitments for Agency reporting and to document the Agency’s progress in addressing debtors’ environmental liabilities at Superfund sites and other contaminated properties.

 

PURPOSE:

 

The primary purpose of this guidance is to:

Establish a data protocol for capturing and reporting bankruptcy information involving CERCLA and other environmental liabilities which will ensure the timely and consistent entry of all relevant data into CERCLIS, ICIS, IFMS, and BID.

 

In addition, the guidance serves to:

  • ·         Provide a broad overview of the bankruptcy process;

 

  • ·         Describe the databases containing bankruptcy data and provide step-by-step instructions on how to enter bankruptcy information into CERCLIS and ICIS; and
  • ·         Discuss the roles and responsibilities of the offices and individuals managing bankruptcy data.

 

This guidance is an addendum to the Interim Protocol for Coordination of Bankruptcy Matters under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) issued by the Director, OSRE, on May 10, 2005. The expectation is that EPA staff will use this guidance to consistently enter bankruptcy-related information into the appropriate databases.

 

For questions/comments about the contents of this document, please contact Sharon Cullen, OSRE/PPED/PECB.

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