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Register of Insolvencies

Register of Insolvencies

The register of insolvencies is a statutory register about the insolvency of individuals and businesses in Scotland.

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Introduction to AiB 3 - Filling in the statement of assets and liabilities

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PART 1 - LIST OF ASSETS

In part 1 you should list all your assets.

Part 1A - moveable property (all assets other than land or buildings)

1. Cash

Write in the total amount of money in cash you have. Do not show the money you have in Bank or Building

Society accounts here.

2. Bank and building society accounts

Give details of all the money you have in banks and building societies. If any of the accounts are in joint

names the full amount should be entered, but put a letter [J] in brackets at the end of the account number to

show that it is a joint account. Give details of any overdrawn account but put the letters [DR] after the

balance.

3. Investments and savings (other than bank accounts)

You must give details of investments, savings certificates, savings bonds, premium bonds, etc. in the column

headed 'type of investment'. You should also show the name of the firm the investment is with and any

reference number in the correct columns. If you have an endowment policy enter the details here.

4. Debts due to you

If anyone owes you money, write about it here. Give details of all the money owing to you. It must include

money loaned to other people or trade debts if you were in business. The name and address of the person or

company who owes you the money must be written in the first column. The amount of the debt and the date it was

or is due to be repaid should be entered in the correct columns.

5. Other assets

Write the details of all goods and valuables which you own here. You must include goods you are still paying for

on hire purchase or credit terms. Details of any motor vehicle owned by you should include the model and

registration number.

Part 1B - immoveable property (land, houses, and buildings)

Give details of all properties which you own, part own, or have other financial interest in here. Show if you have

bought an ex-council house through the discount scheme. If you own a lease on a property, write down how long the lease is for. In 'type of property', show whether the property is a flat, semi-detached house, office unit, or whatever. In 'nature of interest' say what your interest is in the property, for example, whether you own it by yourself or jointly with someone else.

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Page updated: Wednesday, April 7, 2010