Bankruptcy Regulations 1996

PART 11 - ADMINISTRATION OF ESTATES OF DECEASED PERSONS IN BANKRUPTCY  

REGULATION 11.01  

11.01   STATEMENT OF AFFAIRS AND OF ADMINISTRATION OF ESTATE  


A statement under paragraph 246(1)(a) or subsection 247(1) of the Act must state, so far as applicable, the following particulars:


(a) in relation to the capital account of the deceased person's estate:


(i) particulars of each amount received, including the name of the payer, the date received and the bank account into which the amount was paid; and

(ii) particulars of each amount paid, including the name of the payee, the date of payment and the bank account from which the amount was drawn;


(b) in relation to each of the assets of the deceased person transferred to beneficiaries - the particulars of the asset, the date of transfer and the name and address of the relevant beneficiary;


(c) in relation to the income account of the deceased person:


(i) particulars of each amount received, including the name of the payer, the date received and the bank account into which the amount was paid; and

(ii) particulars of each amount paid, including the name of the payee, the date of payment and the bank account from which the amount was drawn;


(d) in relation to each of the unsecured debts owed by the deceased person:


(i) the name and address of the creditor and the amount (if any) owed by the creditor to the deceased person; and

(ii) the amount of the debt; and

(iii) the year when the debt was contracted; and

(iv) the nature of the debt;


(e) in relation to each of the secured debts owed by the deceased person:


(i) the name and address of the creditor and the amount (if any) owed by the creditor to the deceased person; and

(ii) the amount of the debt and particulars of the security relating to it; and

(iii) the date when the security was given; and

(iv) the estimated present value of the security; and

(v) the estimated deficiency or surplus if the security were to be realised;


(f) in relation to each of current hire purchase, credit purchase, lease purchase or similar agreements:


(i) the name and address of the finance company; and

(ii) the date of the agreement; and

(iii) particulars of the goods to which the agreement relates; and

(iv) any arrears of payment under the agreement; and

(v) the amount required to complete the agreement; and

(vi) the present value of the goods and the estimated deficiency or surplus if the goods were to be realised;


(g) in relation to any other assets and liabilities, including contingent assets and liabilities, of the deceased person's estate - particulars of each asset and liability, including its present value.


 

Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.