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FORM 79 Statement of Affairs (Non-Business Bankruptcy/Proposal) (Subsections 49(2) and 158(d) of the Act / Subsections 50(2) and 62(1) and Paragraph 66.13(2)(d) of the Act) (Title Form 1) ? Original

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How to fill out form 79 statement of

How to fill out form 79 statement of:

01

Begin by carefully reading the instructions provided with form 79 statement of. It is essential to understand the requirements and ensure accurate completion.

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Provide personal information in the appropriate fields, such as your full name, address, contact information, and social security number. Double-check the accuracy of this information before proceeding.

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Indicate the purpose of filling out form 79 statement of. This could be anything from a financial statement for a loan application to a statement of assets and liabilities for a legal proceeding.

04

Follow the instructions to list your assets. Include details such as the type of asset, its current value, and any outstanding loans or liens attached to it. Provide thorough and accurate information to the best of your knowledge.

05

Similarly, list your liabilities in the designated field. This includes any debts, loans, mortgages, or other financial obligations you may have. Be sure to include specific details, such as the creditor's name, outstanding balance, and payment terms.

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If required, attach additional documentation to support the information provided in the form. This may include bank statements, tax returns, or valuation reports for certain assets.

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Review the completed form to ensure all information is accurate and complete. Make any necessary corrections or additions before submitting it.

Who needs form 79 statement of:

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Individuals applying for a loan may be required to fill out form 79 statement of to provide a comprehensive overview of their financial position to the lender.

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Business entities seeking financing or going through mergers and acquisitions may also need to submit form 79 statement of to provide a clear understanding of their financial standing.

Note: It is essential to consult with a legal or financial professional to determine if form 79 statement of is necessary for your specific situation.

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What is form 79 statement of?

Form 79 is a statement of financial affairs.

Who is required to file form 79 statement of?

Individuals or businesses undergoing bankruptcy proceedings are required to file form 79 statement of.

How to fill out form 79 statement of?

Form 79 should be filled out with accurate and complete financial information, including details of income, expenses, assets, and debts.

What is the purpose of form 79 statement of?

The purpose of form 79 statement of is to provide the bankruptcy court with a comprehensive overview of the debtor's financial situation.

What information must be reported on form 79 statement of?

Information required to be reported on form 79 includes income, expenses, assets, debts, and recent financial transactions.

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