Statement of affairs under winding-up: sworn schedules classify assets and rank creditor claims for distribution. Form No. 57 requires a sworn Statement of Affairs on the winding-up date, with annexed Lists A-I classifying assets and liabilities, estimating realisable values and ranking claims: assets not specifically pledged (List A), assets specifically pledged (List B), preferential creditors (List C), debenture holders secured by a floating charge (List D), unsecured creditors (List E), shareholders (Lists F and G), a multi-year deficiency/surplus account (List H), and a reconciliation list (List I). The affidavit must be properly verified by a Commissioner for Oaths and any deficiencies in formality will cause rejection by the court.
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Statement of affairs under winding-up: sworn schedules classify assets and rank creditor claims for distribution.
Form No. 57 requires a sworn Statement of Affairs on the winding-up date, with annexed Lists A-I classifying assets and liabilities, estimating realisable values and ranking claims: assets not specifically pledged (List A), assets specifically pledged (List B), preferential creditors (List C), debenture holders secured by a floating charge (List D), unsecured creditors (List E), shareholders (Lists F and G), a multi-year deficiency/surplus account (List H), and a reconciliation list (List I). The affidavit must be properly verified by a Commissioner for Oaths and any deficiencies in formality will cause rejection by the court.
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