U4 help
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Aug 3, 2009 3:49 am
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?
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.[quote=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.[/quote] Disclosure is everything.