Where in petition to disclose legal claim?

[Dewey]

I know the trustees ask at the 341 Meeting if the debtor has a legal claim or thinks they have a legal claim against someone (that would obviously result in money for the estate).

Is this question also on the petition somewhere? I thought it was in the "Statement of Financial Affairs," but I can't find it.

Anyone?

[lrprn]

I know the trustees ask at the 341 Meeting if the debtor has a legal claim or thinks they have a legal claim against someone (that would obviously result in money for the estate).

Is this question also on the petition somewhere? I thought it was in the "Statement of Financial Affairs," but I can't find it.

Anyone?

It is in the Statement of Financial Affairs - http://www.uscourts.gov/rules/BK_For..._007_1207f.pdf

Look at page 3, question 4 - Suits and administrative proceedings, executions, garnishments and attachments

[music12]

it can also be put down in the list of assets.

[Dewey]

Thanks. I didn't think the appropriate place for a claim or cause of action a debtor alleges to have would go under question 4 of the Statement of Financial Affairs when a suit hasn't yet been filed.

Would the appropriate place to disclose that be on Schedule B, question 21 "Other contingent and unliquidated claims of every nature, including tax refunds, counterclaims of the debtor, and rights to setoff claims. Give estimated value of each."?

[music12]

dewey, i think schedule B is probably what i meant.

also, as long as its there one way or the other, you're fine.

[whipster1]

Goes in the SOFA and in your assets. The value is Unknown.