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PERSONAL STATEMENT OF AFFAIRS

PERSONAL STATEMENT OF AFFAIRS 2025

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The document is a personal statement of affairs form from the Bahamas Development Bank, designed to collect detailed personal, employment, and financial information from applicants. It includes sections for personal details, employment history, income sources, assets, liabilities, and legal disclosures. The form requires signatures to affirm the accuracy of the provided information and authorizes the bank to verify it.

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Click ‘Get Form’ to open the PERSONAL STATEMENT OF AFFAIRS in the editor.
Begin by filling out your personal information. Enter your name, date of birth, age, marital status, and number of dependents in the designated fields.
Provide your National Insurance Number or National ID, driver's license number along with its expiry date, and your home address including postal box details.
Next, include your passport number and its expiry date. Don’t forget to add your contact numbers for cell, home, and work.
Fill in details about your spouse if applicable, including their name and date of birth. Then provide information about your landlord if you are renting.
Proceed to the employment section where you will enter details about your current employer, occupation, salary, and previous employment history.
In the financial information section, list all assets and liabilities accurately. Ensure that you calculate total income and expenses correctly.
Finally, review all entered information for accuracy before signing the document electronically using our platform's signature feature.

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How to write a statement of affairs?

The first page of the statement of affairs is a summary of assets. You need to split the assets between fixed, floating and uncharged assets, says Gareth. Dont include leased assets where the company never acquires an interest, but dont forget to include hire purchase (HP) assets as fixed charged assets.

What is a statement of affairs with an example?

A statement of affairs is a financial statement that displays assets and liabilities, but its not as detailed as the balance sheet. The statement of affairs is a single entry system that shows the beginning and ending balances for capital. If the ending capital is higher, theres a profit; otherwise, theres a loss.

What is the statement of affairs used for?

A statement of affairs is a record of a companys financial position at that particular moment. This listing of assets and debts serves as an explanation of how the business is insolvent. Creditors can look at the statement of affairs and see that the business is unable to service their debt properly.

What is the difference between a financial statement and a statement of affairs?

Purpose: A statement of affairs is a financial statement that provides a snapshot of a companys assets and liabilities at a specific point in time, whereas a balance sheet is a financial statement that provides a snapshot of a companys assets, liabilities, and equity at a specific point in time.

What is a statement of affairs?

A Statement of Affairs is a document detailing a companys assets and liabilities. Generally prepared by a liquidator or appointed professional during certain insolvency proceedings, the document is later registered at Companies House, where it becomes available for public view.

What is the primary purpose of the statement of affairs?

The Statement of Affairs includes details of any fixed or floating charges secured on company assets, and provides detailed information for interested parties generally creditors, shareholders and the appointed insolvency practitioner, but the document could also prove to be of interest to potential buyers.

PERSONAL STATEMENT OF AFFAIRS 2025

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