Rescission-statement of affairs-receiving order , Financial Accounting

Assignment Help:

Rescission of receiving order

The order may be rescinded by the court if:

  1. The court has sanctioned a composition or scheme of arrangement;
  2. The debts have been paid in full; or
  3. The court otherwise considers that the order ought not to have been made.

Statement of affairs

Within fourteen days of the receiving order '(or before, but not more than three days before, the date of the debtor's own petition) the debtor must submit to the Official Receiver a statement of his affairs verified by affidavit, showing:

  1. Particulars of his assets, debts and liabilities;
  2. The names, residences and occupations of his creditors;
  3. The securities (if any) held by them, and the dates they were given; and
  4. Such further or other information as may be prescribed or as the official receiver may require

Related Discussions:- Rescission-statement of affairs-receiving order

Dividends-bankruptcy and liquidation, DIVIDENDS Dividends must be decla...

DIVIDENDS Dividends must be declared and paid in accordance with the following rules: 1) The first dividend must be declared and paid within four months of the first meeting o

How much did additional paid in capital increase?, GHH, Inc. has two classe...

GHH, Inc. has two classes of stock authorized: $100,000 par preferred and $1.00 par value common. As the begining of 20C, 200 shares of preffered stock and 300,000 shares of common

Assignment, 1- Journalize May transactions. Entry: 1. May 1 Owner H.Hadi...

1- Journalize May transactions. Entry: 1. May 1 Owner H.Hadi invested $40,000 in the business. 2. May 4 Equipment was purchased at a cost of $7,000; a three-month, 10% note pa

Significant findings or issues, Significant Findings or Issues - Substanti...

Significant Findings or Issues - Substantive matters which are vital to procedures performed, conclusions reached or evidence obtained and include though aren't limited to: 1.

Present value.., natasha kingrey to calculate present value of salary diffe...

natasha kingrey to calculate present value of salary differential for completing mba

Balance sheet, 1. Consider the following balance sheet: Bes...

1. Consider the following balance sheet: Best Care HMO                  Balance Sheet               June 30, 2007 Assets  / Current Assets*

What do you mean by re - organization, Q. What do you mean by Re - organiza...

Q. What do you mean by Re - organization? Reorganization - This is a change in businesses capital arrangements. If for a CORPORATION there are 7 statutory options for reorganiz

Quantitative performance measure, The managerial performance measure must b...

The managerial performance measure must be quantitative and the manner in which it is to be calculated should be specified. The managerial performance measure must ideally be linke

What should be the basic earnings per share, Information concerning the cap...

Information concerning the capital structure of Piper Corporation is as follows: December 31, 2011 2010 Common stock 150,000 shares 150,000 shares Convertible preferred stock 15,00

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd