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<h1>Section 3(13) of Insolvency and Bankruptcy Code Defines Financial Information Including Debts, Liabilities, Assets, and Defaults.</h1> Financial information, as defined under section 3(13) of the Insolvency and Bankruptcy Code, 2016, pertains to various categories related to a person. These include records of the person's debt, liabilities when solvent, assets under security interest, instances of default on any debt, balance sheet and cash-flow statements, and any other specified information.