What is ''Nature of Proceeding'' and ''Status or Disposition'' on number 4 of Form 7. Statement of Financial Affairs, US Bankruptcy Court?
1 Answer from Attorneys
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.
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