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.

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