Final Statement of Receipts and Disbursements: Canada Debt .ca defines Final Statement of Receipts and Disbursements

Bankruptcy Term Final Statement of Receipts and Disbursements

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Canada Debt has the definition to the bankruptcy and debt term Final Statement of Receipts and Disbursements. Finding answers to terms such as Final Statement of Receipts and Disbursements can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Final Statement of Receipts and Disbursements in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Final Statement of Receipts and Disbursements' is used as follows:

This document, prepared by the trustee, must contain a complete account of all moneys received by the trustee out of the property of the bankrupt or otherwise, the amount of interest received by the trustee, all moneys disbursed and expenses incurred and the remuneration claimed by the trustee, together with full particulars, description and value of all property of the bankrupt that has not been sold or realized, setting out the reason why the property has not been sold or realized and the disposition made thereof. Once approved by the inspectors, it is submitted to the Superintendent for comments.