Statement of financial position requirement: bankrupts must file prescribed disclosures and trustees may seek further explanations. A bankrupt must submit a statement of financial position to the bankruptcy trustee within the prescribed time and in the prescribed form and manner; if ... Summary
Statement of financial position requirement: bankrupts must file prescribed disclosures and trustees may seek further explanations.
A bankrupt must submit a statement of financial position to the bankruptcy trustee within the prescribed time and in the prescribed form and manner; if the bankrupt is a firm, partners must submit a joint firm statement and individual partner statements. The trustee may require further written information explaining or modifying any matter in the statement.
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