What Is a Statement of Financial Affairs In Bankruptcy?by BankruptcyMax on 12/05/19
A statement of financial affairs is one of the important document in your bankruptcy case. It contains questions about your current and past financial situation. The statement consists of only twenty eight yes or no questions. A “yes” answer requires elaboration. Questions on the bankruptcy Statement of financial affair requests information about payment to creditors, sources of income, transfer of property, law suit filed by creditors and gifts made by the debtor. In Statement of financial affairs a debtor must give true answers to a series of questions in writing regarding their financial transactions.
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