Question

Features of a statement of Affairs.​

Answer 1

Answer:

The Statement of Affairs includes details of any fixed or floating charges secured on company assets, and provides detailed information for interested parties – generally creditors, shareholders and the Insolvency Practitioner (IP), but the document could also prove to be of interest to potential buyers.

Answer 2

the statement of affairs is a summary of a company's assessed and liabilities each tier States the net book value and amount expected to release at the date of solvency of the business accompanying the balance sheet is a list of creditors and shareholders

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