Statement of Affairs

A Statement of Affairs is a document that forms part of the forms you must fill in as part of the process of declaring bankruptcy. This document contains all details relating to your financial situation and your personal details.

Specifically, a statement of affairs has two parts:

Part A
In the first you will need to list all debts owed and to whom they are owed. This must be comprehensive, as neglecting to disclose any debts can result in your bankruptcy being extended.

Part B
The second part must list all of your assets. This includes all property of value, cash deposits, vehicles and so on. Again, if you are declaring bankruptcy you must ensure that all your personal assets are included in your statement of affairs.

Due to the nature of Bankruptcy, it is crucial that a Statement of Affairs is filled out properly and accurately, with all relevant details included. It may be a sound idea, to get your bankruptcy forms filled by a bankruptcy expert. At Bankruptcy Australia we can help you complete the forms properly and professional for a fee starting from $600.

Debtor’s petition

The second form that must be completed as part of a bankruptcy application is called a Debtor’s Petition. AFSA will require this form if you wish to file for bankruptcy on a voluntary basis. Once this form has been filled out you will need to file it with AFSA. AFSA will usually process it within a few days and you will then become bankrupt.

Our Service

We offer the lowest fee to assist you with completing the forms. Our fee starts from $600. We will help you make sure that your Statement of Affairs and Debtor’s Petition is completed correctly so your bankruptcy application is smooth sailing. If you incorrectly complete the Statement of Affairs your bankruptcy can in some cases be extended. Our service ensures that the paperwork is completed correctly from the beginning.

If you would like to speak to an expert in bankruptcy, we operate a toll free advice line – 7 days a week. Call the Australian Bankruptcy Service on 1800 462 767.