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Commentary

122 Statement of affairs

BANKRUPTCY AND INSOLVENCY (CORPORATE INSOLVENCY) vol 3(3)
| Commentary

122 Statement of affairs

| Commentary

122 Statement of affairs

As soon as practicable after the appointment is made, the administrator must serve notice with the contents prescribed in rule 3.29(2) of the Insolvency (England and Wales) Rules 2016 (the ‘2016 Rules’)1 requesting a statement of affairs of the company from some or all of the officers or former officers of the company2. This is usually obtained from the directors, but in case of difficulty, the administrator’s powers are extended so that he may serve notice requiring a statement of affairs from3:

  1. 122.1

        Anyone who has taken part in the company’s formation at any time within

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