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  • Statement Of Affairs Form - Afsa - Cor Cordis

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STATEMENT OF AFFAIRS Bankruptcy Act 1966 Form last approved by Inspector-General 1/12/10. Privacy The information you are required to provide on this form is collected under, and for the purposes.

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A Statement of Affairs is a document detailing a company's assets and liabilities. Generally prepared by a liquidator or appointed professional during certain insolvency proceedings, the document is later registered at Companies House, where it becomes available for public view.

The following information is included within the statement of affairs as standard: A list of assets and liabilities. A list of creditors names, addresses and outstanding balances. Details of any security granted and the date it was granted. The value of any security granted.

The statement of affairs is a Statement of Assets and Liabilities. The main difference between a Statement of Affairs and a Balance Sheet is that while the former is prepared on the basis of physical counts and improper source documents, the latter is prepared purely on the basis of ledger accounts.

It consists of various lists: List A : Assets not specifically pledged. List B : Assets Specifically Pledged. List C : Preferential Creditors.

Similar to a balance sheet, a statement of affairs is a statement of assets and liabilities that is prepared to find out capital under the single entry system.

Statement of Affairs is a statement of assets and liabilities prepared to ascertain the amount of change in the capital. Such a statement shows assets on one side and the liabilities on the other just as in the case of a balance sheet.

Who Prepares the Statement of Affairs? The company's directors must prepare the Statement of Affairs or provide the liquidator with all the information they need to prepare the report.

The statement of affairs does not tell us the company's total financial position. When looking at the statement, you're looking at opening and closing capital.

Statement of Affairs is a statement of assets and liabilities prepared to ascertain the amount of change in the capital. Such a statement shows assets on one side and the liabilities on the other just as in the case of a balance sheet.

A list of current assets and liabilities (with valuations) Details of the company's creditors – names, addresses and the outstanding balances owed. Details of any security given for liabilities, its value and the date it was granted. A current balance sheet and a copy of the management accounts.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232