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Form No. 28R. 72 (1)THE INSOLVENCY ACTION THE HIGH COURT OF KENYAAPPLICATION FOR NO ASSET PROCEDURE (NAP) Rules 72(1) and 102 (2)1. PERSONAL INFORMATION OF APPLICANT DEBTOR. Full Names (as they appear
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How to fill out application for no asset

01
Read all instructions carefully before filling out the application.
02
Provide accurate personal information such as name, address, and contact details.
03
Declare all sources of income, if any.
04
Fill out the section for assets by stating 'None' or 'N/A' for each category.
05
Sign and date the application form before submitting.

Who needs application for no asset?

01
Individuals who do not have any assets to declare and are applying for a specific service or benefit that requires proof of no assets.

What is Application for No Asset Procedure - No. 28R. 72 (1) ... Form?

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An application for no asset is a formal request submitted by individuals or entities to declare that they have no assets to report for a specific financial situation, often in the context of bankruptcy or debt relief.
Individuals or entities who are undergoing financial distress and wish to officially declare that they possess no assets that could be used to repay debts are typically required to file an application for no asset.
To fill out an application for no asset, applicants should complete the required forms provided by the relevant authority, ensuring to provide accurate personal or business information and declare all liabilities while indicating that there are no assets.
The purpose of the application for no asset is to formally communicate to creditors and the court that an individual or entity has no available assets to meet their financial obligations, which can aid in the debt resolution process.
The application for no asset must report information including the applicant's personal or business details, a declaration of liabilities, and confirmation that there are no assets to be listed.
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