Question

Statement of Affairs is related to
వ్యవహరాల నివేదికకు సంబంధించినది.​

Answer 1

A Statement of Affairs (SOA) is a critically important document within the insolvency process that provides an overview of the company assets and liabilities.

It gives gives the Insolvency Practitioner the opportunity to assess everything the company may own, as well as details of fixed or floating charges.

Once completed, the Statement of Affairs has to be filed at Companies House by the Insolvency Practitioner. It’s intended first and foremost as a source of information for company creditors and shareholders, although potential buyers of the insolvency company will also find it useful.