Rescission-statement of affairs-receiving order , Financial Accounting

Rescission of receiving order

The order may be rescinded by the court if:

  1. The court has sanctioned a composition or scheme of arrangement;
  2. The debts have been paid in full; or
  3. The court otherwise considers that the order ought not to have been made.

Statement of affairs

Within fourteen days of the receiving order '(or before, but not more than three days before, the date of the debtor's own petition) the debtor must submit to the Official Receiver a statement of his affairs verified by affidavit, showing:

  1. Particulars of his assets, debts and liabilities;
  2. The names, residences and occupations of his creditors;
  3. The securities (if any) held by them, and the dates they were given; and
  4. Such further or other information as may be prescribed or as the official receiver may require
Posted Date: 12/12/2012 6:18:15 AM | Location : United States







Related Discussions:- Rescission-statement of affairs-receiving order , Assignment Help, Ask Question on Rescission-statement of affairs-receiving order , Get Answer, Expert's Help, Rescission-statement of affairs-receiving order Discussions

Write discussion on Rescission-statement of affairs-receiving order
Your posts are moderated
Related Questions
Write down what processes and data you would analyse when looking at the following scenarios and write down any improvements you could include to ensure that the problem would be l

What kinds of risks does a firm like Amazon.com face with respect to safeguarding its assets? What types of controls do you think it already has in place to minimize these risks? G

ACCOUNTANCY PRINCIPLES (GAAP - GENERALLY ACCEPTED ACCOUNTING PRINCIPLES) Accounting values, rules of conduct and action are explained by a variety of terms for instance convent

Hi, I want to join expert mind as an accounting and financial expert and earn some money herein, can you please let me know the procedure and other requirements. Rahul Jhunjhunwal

National Association of State Boards of Accountancy - serves as a forum for 54 State Boards of Accountancy, that administer the uniform CPA examination, license Certified Public Ac

The real risk-free rate is 2%. Inflation is expected to be 2% this year and 5% during the next 2 years. Suppose that the maturity risk premium is zero. What is the yield on 2-ye

1.      Allocation of Indirect Cost Radiology Department in long Island Jewish Hospital incurred $1,267,000 of total indirect cost in five procedures (CC#557: Diagnostic Rad

Identify the various prices for job To identify the various prices for job, there are numerous points to be considered, including: ?How many garages shall we visit? ?What

Q. What are the Organization Expenditures? Organization Expenditures -Costs of organizing a business or trade or for profit activity before it begins active business. A taxpaye

liabilities and its types