U4 help

or Register to post new content in the forum

 

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Aug 2, 2009 11:49 pm

The financial disclosure part says:

have you made a compromise with creditors, filed a bankruptcy petition or been the subject of an involuntary
bankruptcy petition?

I was sued by a creditor and had a judgment against me. The judgment has been satisfied. Would this constitute as a compromise with creditors?


Aug 3, 2009 8:08 am

Did you compromise with them or did you pay the whole thing?

Aug 6, 2009 3:55 pm

If you got a judgment against you, most likely it was for the full amount plus court costs and any interest or penalties. You are saying your judgment was satisfied.

I would answer 14(k)(1) No and 14(M) No and make sure to disclose this to your principal before filing the U4.
Aug 6, 2009 3:56 pm
bollinger:

If you got a judgment against you, most likely it was for the full amount plus court costs and any interest or penalties. You are saying your judgment was satisfied.

I would answer 14(k)(1) No and 14(M) No and make sure to disclose this to your principal before filing the U4.
 
Disclosure is everything.