Form 78—Statement of Affairs (Business Bankruptcy/Proposal)

For persons to which the 2009 amendments apply

PDF version

Form 78

68.3 KB, 10 pages

(Subsection 49(2) and Paragraph 158(d) of the Act / Subsections 50(2) and 62(1) of the Act)


 (Title Form 1)

 Original            Amended

To the bankrupt/debtor:

You are required to carefully and accurately complete this form and the applicable attachments showing the state of your affairs on the date of your bankruptcy / date of filing your proposal (or, if applicable, notice of intention) on the _____ day of _______________ ______. When completed, this form and the applicable attachments will constitute your Statement of Affairs and must be verified by oath or solemn declaration.

Liabilities
(as stated and estimated by bankrupt/debtor)
empty cell Amounts
1. Unsecured creditors as per list "A"$Space to insert amount for unsecured creditors as per list "A"
2. Secured creditors as per list "B"$Space to insert amount for secured creditors as per list "B"
3. Preferred creditors as per list "C"$Space to insert amount for preferred creditors as per list "C"
4. Contingent, trust claims or other liabilities as per list "D"
estimated to be reclaimable for
$Space to enter amount for contingent, trust claims or other liabilities as per list "D" estimated to be reclaimable
Total liabilities$Space to insert total amount
Surplus$Space to insert surplus amount
Assets
(as stated and estimated by bankrupt/debtor)
empty cell Amounts
1. Inventory$Space to insert amount of inventory
2. Trade fixtures, etc.$Space to insert amount for trade fixtures, etc.
3. Accounts receivable and other receivables as per list "E" 
Good $Space to enter amount for goods  
Doubtful $Space to insert amount for doubtful 
Bad $Space to insert amount for bad  
Estimated to produce $Space to insert estimated to produce amount$Space to enter total amount for accounts receivable and other receivable as per list "E"
4. Bills of exchange, promissory note, etc. as per list "F" $Space to insert amount for bills of exchange, promissory note, etc. as per list "F"
5. Deposits in financial institutions$Space to insert amount for deposits in financial institution
6. Cash$Space to insert cash amount
7. Livestock $Space to insert amount for livestock
8. Machinery, equipment and plant$Space to insert amount for machinery, equipment and plant
9. Real property or immovables as per list "G"$Space to insert amount for real property or immovables as per list "G"
10. Furniture $Space to insert amount for furniture
11. RRSPs, RRIFs, life insurance, etc.$Space to insert amount for RRSPs, RRIFs, life insurance, etc.
12. Securities (shares, bonds, debentures, etc.)$Space to insert amount for securities (shares, bonds, debentures, etc.)
13. Interests under wills$Space to insert amount for interests under wills
14. Vehicles$Space to insert amount for vehicles
15. Other property as per list "H" 
$Space to insert amount for other property as per list "H"  
$Space to insert amount for additional other property as per list "H"$Space to insert total amount for other property as per list "H"
If bankrupt/debtor is a corporation, add: 
Amount of subscribed capital$Space to insert amount of subscribed capital
Amount paid on capital$Space to insert amount paid on capital
Balance subscribed and unpaid$Space to insert balance subscribed and unpaid
Estimated to produce$Space to insert estimated to produce amount
Total assets$Space to insert total assets amount
Deficiency$Space to insert amount of deficiency

I, ______________________, of the _____________ of __________________________ in the Province of __________________, do swear (or solemnly declare) that this statement and the attached lists are, to the best of my knowledge, a full, true and complete statement of my affairs on the _____ day of ______________ ______ and fully disclose all property of every description that is in my possession or that may devolve on me in accordance with the Act.

SWORN (or SOLEMNLY DECLARED) before me at ____________________ (city, town or village), in the Province of _________________, on this _____ day of _______________ ______.

Or

SWORN (or SOLEMNLY DECLARED) remotely by ____________________ (debtor’s name) stated as being located in at___________ the (city, town, or village), in the Province of _________before me at ________________ the (city, town, or village), in the Province of _____________, on this _____ day of _______________ ______in accordance with provincial Regulation on Administering Oath or Declaration Remotely.

________________________________
Commissioner of Oaths for the Province of

________________________________
Signature of bankrupt/debtor

List "A"

Unsecured Creditors

Names to be arranged in alphabetical order and numbered consecutively.

No.

Name of creditor

Address

Amount of claim

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

__________________________

Bankrupt/Debtor

 

__________________
Date

 

List "B"

Secured Creditors

 

No.

Name of Creditor

Address

Amount of claim

Particulars of security

When given

Estimated value of security

Estimated surplus from security

Balance of claim unsecured

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

__________________________

Bankrupt/Debtor

 

__________________
Date

 

List "C"

Preferred Creditors for Wages, Rent, etc.

 

No.

Name of creditor

Address and occupation

Nature of claim

Period during which claim accrued

Amount of claim

Amount payable in full

Difference ranking for dividend

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

__________________________

Bankrupt/Debtor

 

__________________
Date

                                                                                                                                                                                         

List "D"

Contingent or Other Liabilities

 

Give particulars of claims not set out in lists "B" or "C."

No.

Name of creditor or claimant

Address and occupation

Amount of liability or claim

Amount expected to rank for dividend

Date when liability incurred

Nature of liability

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

__________________________

Bankrupt/Debtor

 

__________________
Date

List "E"

Debts Due to the Bankrupt/Debtor

 

No.

Name of debtor

Address and occupation

Nature of debt

Amount of debt (good, doubtful, bad)

 

Folio of ledgers or other book where particulars to be found

When contracted

 

Estimated to produce

 

Particulars of any securities held for debt

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

__________________________

Bankrupt/Debtor

 

__________________
Date

List "F"

Bills of Exchange, Promissory Notes, Lien Notes, Chattel
Mortgages, etc. Available as Assets

 

No.

Name of all promissory, acceptors, endorsers, mortgagors and guarantors

Address

Occupation

Amount of bill or note, etc.

Date when due

Estimated to produce

 

Particulars of any property held as security for payment of bill or note, etc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

__________________________

Bankrupt/Debtor

 

__________________
Date

List "G"

Real Property or Immovables Owned by Bankrupt/Debtor

 

Description of property

Nature of bankrupt’s/ debtor’s interest

In whose name does title stand

 

Total value

Particulars of mortgages, hypothecs or other encumbrances (name, address, amount)

Equity or surplus

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

__________________________

Bankrupt/Debtor

 

__________________
Date

List "H"

Property

 

Give full particulars of property of every description that is in the bankrupt's/debtor’s possession or that may devolve on the bankrupt/debtor in accordance with the Act and that is not included in any other list.

FULL STATEMENT OF PROPERTY

Nature of property

Location

Details of property

Original cost

Estimated to produce

a)        Stock-in-trade

 

 

 

 

b)       Trade fixtures, etc.

 

 

 

 

c)        Cash in financial institutions (name) (address)

 

 

 

 

d)       Cash on hand

 

 

 

 

e)        Livestock

 

 

 

 

f)        Machinery, equipment and plant

 

 

 

 

g)       Furniture

 

 

 

 

h)       Life insurance policies, RRSPs, etc.

 

 

 

 

i)         Securities

 

 

 

 

j)         Interests under wills, etc.

 

 

 

 

k)       Vehicles

 

 

 

 

l)         Taxes

 

 

 

 

m)      Other property (state particulars)

 

 

 

 

 

__________________________

Bankrupt/Debtor

 

__________________
Date

 

Note: If a copy of this Form is sent electronically by means such as email, the name and contact information of the sender, prescribed in Form 1.1, must be added at the end of the document