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Prescribed particulars and information for statement of affairs

Insolvency, Restructuring and Dissolution (Bankruptcy) Regulations 2020

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For the purposes of section 332(3)(a) and (c) of the Act, the following particulars and information are to be contained in a bankrupt’s statement of affairs:(a)details of the bankrupt’s assets, including —(i)the bankrupt’s bank accounts, sundry debtors, property (whether real or personal) and contingent assets; and(ii)any of the bankrupt’s property that was disposed of within the period of 5 years ending on the day of the making of the bankruptcy application on which the bankrupt is adjudged bankrupt;(b)details of the bankrupt’s creditors, debts and other liabilities, including —(i)the bankrupt’s preferential, secured, unsecured and contingent debts; and(ii)the circumstances in which the debts were incurred;(c)information on any previous bankruptcy order made against the bankrupt under the Act or any previous written law relating to bankruptcy;(d)details of any legal proceedings that are pending and to which the bankrupt is a party;(e)the bankrupt’s age;(f)details of the bankrupt’s education and vocational qualifications;(g)details of the bankrupt’s current income, including —(i)the amount of income from the bankrupt’s current employment; and(ii)any other sources of income, and the amount of income from each source;(h)details of the bankrupt’s current employment and past employment during the 5 years immediately preceding the submission of the statement of affairs, including the identity of each employer and the duration of each employment;(i)details of any directorship in, or other position in the management of, a corporation previously held by the bankrupt;(j)details of the bankrupt’s current and past trade or business during the 5 years immediately preceding the submission of the statement of affairs;(k)details of the bankrupt’s spouse and dependants, including —(i)the identity and age of the spouse and each dependant; and(ii)the amount of income earned by the spouse (whether from employment or otherwise);(l)details of the monthly expenses necessary for the maintenance of the bankrupt and the bankrupt’s family.

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