This form is a statement of financial affairs. This statement must be completed by every debtor. Some of the categories which must be completed by each debtor are: income from employment or operation of business; payments to creditors; and assignments and receiverships.
North Dakota Statement of Financial Affairs - Form 7
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How to fill out Statement Of Financial Affairs - Form 7?
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Statement of Financial Af·?fairs. : a written statement filed by a debtor in bankruptcy that contains information regarding especially financial records, location of any accounts, prior bankruptcy, and recent or current debt. called also statement of affairs.
The statement of financial affairs (SOFA) is intended to capture a historical view of the debtor's finances. Once completed, the SOFA provides creditors with a summary of the debtor's financial history, transactions, and operations over certain periods of time before the petition date.