Statement of affairs under rule 28 mandates detailed asset and liability disclosure for LLP insolvency and creditor distribution. Statement of affairs under rule 28 requires a sworn, dated declaration listing assets and liabilities of an LLP at the petition or winding-up date, separating assets specifically charged from assets not charged, providing book and estimated realizable values, and annexing Lists A-G and Schedules I-IX to detail secured creditors, preferential creditors, floating charge holders, unsecured creditors, partner contributions and debts due from partners for computation of surpluses or deficiencies.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Statement of affairs under rule 28 mandates detailed asset and liability disclosure for LLP insolvency and creditor distribution.
Statement of affairs under rule 28 requires a sworn, dated declaration listing assets and liabilities of an LLP at the petition or winding-up date, separating assets specifically charged from assets not charged, providing book and estimated realizable values, and annexing Lists A-G and Schedules I-IX to detail secured creditors, preferential creditors, floating charge holders, unsecured creditors, partner contributions and debts due from partners for computation of surpluses or deficiencies.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
