statement of affairs
noun[C]
ukuspluralstatements of affairsACCOUNTING
alistof a company's or person'sassetsanddebtsthat is made if they gobankrupt:
Thestatementofaffairsmust beverifiedbyaffidavitanddeliveredto theofficialreceiver.
Theirstatementofaffairsshoweda €2mdeficiency.