Question

the purpose of statement of affairs is to find out ______________.​

Answer 1

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 appointed insolvency practitioner, but the document could also prove to be of interest to potential buyers.

Answer 2

Answer:

The main aim of this document is to identify the affected creditors and those the debtor would like to include in the insolvency process

Explanation:

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