The combined effect of the two Acts produces changes greater than appear to have been noticed in the text-books or otherwise despite the clear indication given by footnote 2 to form 22 ( Statement of Affairs ) reproduced in Buckley on the Companies Acts, 13th ed . ( 1957 ) p . 1101.
22.
The extent of the debtor s assets and liabilities is generally determined by reference to the statement of affairs which he is required to prepare and file, but the court is not bound by the valuations in the statement; it may make a finding of insolvency even where the statement indicates that his assets exceed his liabilities.
23.
In Ex parte Viviers et uxor ( Sattar intervening ) 2001 ( 3 ) SA 240 ( T ), the court accepted that a debtor who has already made an unsuccessful attempt to surrender his estate may lodge the same statement of affairs that he used in the earlier abortive application, provided the relevant facts and reasons for the surrender remained unchanged.
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