Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,589,760,427 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Statement of Affairs

    0.01 sec.

A document that must be filed in Bankruptcy, which sets forth answers to questions concerning the debtor's past and present financial situation.

The term statement of affairs is also used to describe a type of balance sheet that shows immediate liquidation amounts, as opposed to acquisition or original costs, and is generally prepared when insolvency or bankruptcy is about to take effect.



How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Feedback
Add definition
Mentioned in?  References in periodicals archive?   Legal browser?   Full browser?
No references found
 
Your task is to calculate the net book value at the date of the Statement of Affairs by starting with the year of acquisition and applying the depreciation policy to obtain the net book value at the end of that year.
The latest Joint Liquidators Report says: "Significant claims in excess of the values listed in the directors' Statement of Affairs have been received and are still being adjudicated upon, and many potential claims from the UK and overseas have not been received.
A statement of affairs for him and his wife Roisin in October 2008 showed he had assets of EUR259.
 
 
 
Legal Dictionary
?

Terms of Use | Privacy policy | Feedback | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.