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Appendix CM100 THE COMPANIES ACT, 1973 Appendix CM100 Masters Reference No. STATEMENT OF AFFAIRS (Section three hundred and sixty-three of the Act.) Name of company Date of winding up order Name and

How to fill out statement of affairs

How to fill out statement of affairs:

1. Gather all relevant financial information, including assets, liabilities, and income.
2. Create a list of your assets, such as real estate, vehicles, investments, and bank accounts. Include their estimated values.
3. List your liabilities, such as mortgages, loans, credit card debts, and other outstanding debts. Include the outstanding balances.
4. Calculate your total income from all sources, including employment, investments, and any other sources of income.
5. Determine your monthly expenses, including rent or mortgage payments, utility bills, groceries, transportation costs, and other regular expenses.
6. Subtract your total expenses from your total income to determine your monthly net income.
7. Review and verify all the information in the statement for accuracy.
8. Sign and date the statement of affairs to certify its correctness.
9. Keep a copy of the statement for your records.

Who needs statement of affairs:

1. Individuals or businesses going through bankruptcy proceedings may need to prepare a statement of affairs to provide a comprehensive overview of their finances.
2. For individuals seeking debt consolidation or settlement, a statement of affairs may be required as part of the application process.
3. Business owners or entrepreneurs may need to provide a statement of affairs when applying for loans or seeking investment.
4. Estate executors or administrators may need to prepare a statement of affairs to assess the financial state of a deceased person's estate.
5. Companies in financial distress may require a statement of affairs to present to stakeholders, creditors, or potential buyers.

Note: The specific requirements for preparing a statement of affairs may vary depending on the jurisdiction and the purpose for which it is being prepared. It is always advisable to consult with a financial advisor or legal professional when filling out a statement of affairs.

For pdfFiller’s FAQs

What is statement of affairs?

Statement of affairs is a document that provides an overview of an individual or organization's financial situation, including assets, liabilities, and equity.

Who is required to file statement of affairs?

Individuals or organizations going through a bankruptcy process are typically required to file a statement of affairs.

How to fill out statement of affairs?

Statement of affairs can be filled out by providing detailed information about assets, liabilities, and equity, following the specific format required by the relevant authority.

What is the purpose of statement of affairs?

The purpose of statement of affairs is to provide transparency about the financial situation of an individual or organization, especially in cases of bankruptcy.

What information must be reported on statement of affairs?

Information that must be reported on statement of affairs includes a list of assets, liabilities, creditors, and any other relevant financial information.

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