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Statement of affairs is needed in compulsory liquidation, what about voluntary (both members and cred)?
It is required in both members’ voluntary liquidation and creditors’ voluntary liquidation.
In a members’ voluntary liquidation, the directors must produce a statement of affairs made up to a date no later than 5 weeks before the meeting of members.
In a creditors’ voluntary liquidation, the statement of affairs is made available to the creditors at the meeting.
OK?
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