Legal Question in Bankruptcy in Utah


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.

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Answered on 2/01/02, 10:29 am

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