The petition will require a supporting statement of affairs.
2.
Ordinarily, a bankruptcy lasts three years from the filing of the Statement of Affairs with AFSA.
3.
A sworn statement of affairs showed that the company had an estimated deficiency of ?2, 050, 000.
4.
The Statement of Affairs included unpaid VAT debts of ?65, 000 and outstanding Corporation Tax of ?97, 306.
5.
All bankrupts are required to lodge a Statement of Affairs document with AFSA, which includes important information about their assets and liabilities.
6.
The costs of preparing the statement of affairs are part of the costs of sequestration and are, therefore, payable out of the estate.
7.
According to the Statement of Affairs produced by the Liquidators, Webley ( international ) owed their unsecured creditors a sum of ?64, 595.76.
8.
Hence, there is a need for the LLP to appoint a liquidator, prepare a statement of affairs which would be laid before the creditors etc.
9.
In its press release, which quoted group president Sujain Srisukh, the company said the special managers will present their Statements of Affairs on each company.
10.
The statement of affairs shows total liabilities ?1, 125 and assets valued at sufficient to yield a surplus of ?0, 775 after payment of the debt.
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