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FORMAT AND HOW TO PREPARE STATEMENT OF AFFAIRS FOR LIQUADATING APRIVATE LIMITED LIABILITY COMPANY

KINDLY AVAIL ME THE FORMAT FOR PRAPARING STATEMENT OF AFFAIRS FOR THE LIQUADATION OF A PRIVATE LIMITED LIABILITY COMPANY IN NIGERIA. I WILL APPRECIATE IF ANYONE THAT HAS BEEN PREPARED BEEN SENT TO ME FOR REFERENCE PURPOSE.

OLORUNJOO BAMIDELE from NIGERIA

Olorunjoo Bamidele, Statement of Affairs is the statement which is made for finding the amount of deficiency or surplus. One side, we show all the assets which are divided into pledged and non pledged. Second side, we show the current liabilities. In these liabilities, we have included preferential creditors, debentures, unsecured loan, preference share capital and equity share capital. After deducting this amount, we will be the deficiency or surplus in our hand.

You should remember, we should deduct preferential creditors first than deducting unsecured loan because secured loan has more right than unsecured loan because they had given loan on the basis of security.

You can study its format at here.

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