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Statement of Affairs FOR USE ONLY IF YOU HAVE BEEN MADE BANKRUPT BY A CREDITOR VIA THE COURTITS Office Ref/Estate No: This form can also be completed online at www.insolvency.govt.nz. If you need

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How to fill out statement of affairsfor use

01

Gather all financial documents such as bank statements, loan statements, credit card statements, mortgage details, etc.

02

List down all assets including properties, vehicles, investments, etc. with their estimated values.

03

List down all liabilities including loans, credit card debt, mortgages, etc. with their outstanding balances.

04

Calculate the net worth by subtracting the total liabilities from the total assets.

05

Provide any additional information required by the specific entity requesting the statement of affairs.

Who needs statement of affairsfor use?

01

Individuals applying for a loan or mortgage.

02

Individuals filing for bankruptcy.

03

Businesses going through financial restructuring or insolvency proceedings.

04

Individuals or businesses involved in legal proceedings where financial information is required.

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What is statement of affairsfor use?

Statement of affairs is a document that details an individual or organization's financial position, including assets, liabilities, and debts.

Who is required to file statement of affairsfor use?

Individuals or organizations facing financial difficulties or insolvency are required to file a statement of affairs.

How to fill out statement of affairsfor use?

To fill out a statement of affairs, one must provide detailed information about their assets, liabilities, debts, and financial transactions.

What is the purpose of statement of affairsfor use?

The purpose of a statement of affairs is to provide a transparent overview of an individual or organization's financial situation.

What information must be reported on statement of affairsfor use?

Information such as assets, liabilities, debts, income, expenses, and financial transactions must be reported on a statement of affairs.

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