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DECLARATION OF SOLVENCYLAND REGISTRYWe aged 18 years and upwards do solemnly and sincerely declare as follows;1. We are the registered owners of the lands described in the above mentioned Folio(s).2.

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A solvency statement is a statement in writing signed by all of the directors which states that, as regards the company's situation at the date of the statement: there are no grounds on which the company could be found to be unable to pay or otherwise discharge its debts; and.

To make a declaration of solvency, you will need to provide evidence to show that you have assets with a total value higher than your total debt. You make the declaration to the solicitor, who swears the declaration. It is a criminal offence to make a false declaration.

The solvency statement route provides a simpler and cheaper means for a company to reduce its share capital. The solvency statement must be made not more than 15 days before the date of the resolution and must be available to the members when they vote on the resolution to reduce the company's share capital.

A declaration of solvency is a formal, written declaration, made by the majority of the directors of a company stating that in the directors' opinion, the company is solvent. Solvency refers to a state in which a debtor is financially sustainable, and can therefore pay all debts as and when they become due and payable.

Declaration of solvency is a document which is lodged with the registrar of the companies that lists the assets and liabilities of the company seeking voluntary liquidation to show that the company is capable of repaying debts within the period of 12 months.

It is the job of the director[s] to ensure that a proper estimation of the company's assets and liabilities is undertaken prior to liquidation and that the Declaration of Solvency accurately reflects the true Balance Sheet position at liquidation.

To make a declaration of solvency, you will need to provide evidence to show that you have assets with a total value higher than your total debt. You make the declaration to the solicitor, who swears the declaration. It is a criminal offence to make a false declaration.

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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
Content Takedown Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
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