What Is a Statement of Financial Affairs In Bankruptcy?

 A statement of financial affairs is one of the important document in your bankruptcy case. It contains questions about your current and past financial situation.  The statement consists of only twenty eight yes or no questions. A “yes” answer requires elaboration. Questions on the bankruptcy Statement of financial affair requests information about payment to creditors, sources of income, transfer of property, law suit filed by creditors and gifts made by the debtor. In Statement of financial affairs a debtor must give true answers to a series of questions in writing regarding their financial transactions. 

If you need additional help: Contact our Southfield bankruptcy Lawyers by calling (248) 281-6299.  Our Detroit Bankruptcy lawyers serve the following cities:  Detroit, Ann Arbor, Allen Park, Albion, Lincoln Park, Brighton, Howell, Saline, Monroe, Blissfield, Romulus, Southgate, Wyandotte, Livonia, Dearborn, Westland, Lansing, Hamtramck, Livonia, Canton, Redford, Lincoln Park, Taylor, East Lansing, Okemos, Warren, Sterling Heights, Roseville, Eastpointe, Battle Creek, Oak Park, Hillsdale, Inkster, Ferndale, Hazel Park, Whitmore Lake, Plymouth, Farmington, Trenton, Flat Rock, Tecumseh, Clinton, Chelsea, Novi, Garden City, Westland, Northville, South Lyon, Milan, Brooklyn, Melvyndale, Ecorse, Belleville, Canton, Wayne County, Ingham County, Washtenaw County, Monroe County, Macomb County, Livingston County, Shiawassee County, Clinton County, Eaton County, Calhoun County, Branch County, Hillsdale. 

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