Last Updated
:2025/12/05
statement of affairs
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( plural )
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(business, finance) A financial accounting, listing all assets and debts, that is used as part of a bankruptcy proceeding.
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statement of affairs
Before the hearing, the trustee reviewed the debtor's statement of affairs to determine which creditors would be paid.
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Before the hearing, the trustee reviewed the debtor's statement of affairs to determine which creditors would be paid.
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