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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How to fill out the Statement Of Affairs Form - AFSA - Cor Cordis online
The Statement Of Affairs Form is an essential document for individuals undergoing bankruptcy proceedings in Australia. This guide provides clear, step-by-step instructions to assist users in completing the form online with confidence.
Follow the steps to accurately complete your Statement Of Affairs Form online.
- Click ‘Get Form’ button to obtain the form and open it in the editor.
- Part A requires you to provide your personal details confidentially. Fill in your home, work, and mobile phone numbers, email address, and whether you prefer to receive correspondence by email. Additionally, provide details about your accountant and solicitor, if applicable.
- In Part B, you should fill out your public personal details, including your name, date of birth, gender, and residential address. Include any previous addresses and your occupation.
- Part C focuses on your assets. You will need to list all cash, bank accounts, vehicles, real estate, shares, and other investments. Ensure you provide estimated values for each asset.
- In Part D, specify your liabilities. List details about secured and unsecured creditors, including the total amounts owed and the nature of each debt.
- If applicable, complete Part E, which covers business details. Provide information about any businesses you have operated in the last five years or current involvement in any trusts.
- After completing the form, review all information for accuracy and completeness. Ensure you have attached any necessary documentation as indicated in the checklist.
- Finally, sign and date the declaration section of the form to confirm that the information provided is correct. You may then choose to save changes, download, print, or share your completed form.
Start filling out your Statement Of Affairs Form online today for a smoother bankruptcy process.
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Get answers to your most pressing questions about US Legal Forms API.
Who prepares statement of affairs?
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.
Where can I find statement of affairs?
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.
How do you complete a statement of affairs?
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.
Is statement of affairs the same as balance sheet?
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.
How many lists are there in a statement of affairs?
It consists of various lists: List A : Assets not specifically pledged. List B : Assets Specifically Pledged. List C : Preferential Creditors.
What is the other name of statement of affairs?
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.
What is included in the statement of affairs?
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.
What is not included in statement of affairs?
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.
What is a statement of affairs?
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.
What does a statement of affairs balance sheet show?
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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