Legal Question in Bankruptcy in Utah
Definition
What is ''Nature of Proceeding'' and ''Status or Disposition'' on number 4 of Form 7. Statement of Financial Affairs, US Bankruptcy Court?
Asked on 1/31/02, 9:35 pm
1 Answer from Attorneys
Alvin Lundgren
Alvin R. Lundgren, L.C.
Re: Definition
Nature of proceeding refers to what the lawsuit you are identifying concerns, i.e., it may be a collection case, criminal case, or tort, etc.
Status or Disposition requests to know at what point the lawsuit is at, i.e., waiting trial, judgment issued (identify judgment). Etc.
Answered on 2/01/02, 10:29 am
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