REREG 30 -Private to Public Solvency Statement - Declaration of Solvency section 39 2025

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A declaration of solvency is a formal, written declaration, made by the majority of the directors of a company stating that in the directors opinion, the company is solvent. Solvency refers to a state in which a debtor is financially sustainable, and can therefore pay all debts as and when they become due and payable.
A Declaration of Solvency is a statutory declaration made by the directors of a company, stating that they have thoroughly reviewed the companys financial situation and believe that the company is solvent.
You make the declaration to the solicitor, who swears the declaration. It is a criminal offence to make a false declaration. The declaration is an assurance to the Lender and/or Buyer that the transaction will not be reversed. Gifted transactions require a declaration to be made in front of a solicitor.
A declaration of solvency is a legal document which must be signed by a majority of the directors of a company prior to it being placed into a Members Voluntary Liquidation procedure.
A declaration of solvency is required when entering a members voluntary liquidation. It is a sworn declaration that states that the business in question can afford to pay off all creditor debts. Directors must consider any interest that will be accrued during this time.
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I am transferring the Property from {FULLNAME} to {FULLNAME} of {HOMEADDRESS} nil consideration. The transaction is not for the avoidance of any creditors as I am solvent and able to meet my debts and commitments within the meaning of the Insolvency Act 1986.