Statement of debtor’s affairs
8.—(1)  The statement of the debtor’s affairs required to be submitted by a debtor to a nominee under section 280(2)(b) of the Act must —
(a)be in the current version of Form VA‑1 set out on the Internet website of the Ministry of Law at https://www.mlaw.gov.sg; and
(b)be submitted to the nominee within —
(i)7 days after the date of the delivery of the debtor’s proposal to the nominee; or
(ii)any longer time allowed by the nominee.
(2)  Where the debtor is a firm —
(a)the partners in the firm must jointly submit to the nominee a statement of their partnership affairs; and
(b)each partner in the firm must submit to the nominee a statement of the partner’s separate affairs as part of the firm’s statement of affairs.
(3)  For the purposes of section 280(2)(b) of the Act, the prescribed particulars of the assets, creditors, debts and other liabilities of a debtor or a partner of a debtor that is a firm, are as follows:
(a)a list of the debtor’s or partner’s assets, divided into categories that are appropriate for each identification, and the estimated value of each asset;
(b)in the case of any property on which a claim against the debtor or partner is wholly or partly secured, the particulars of the claim, its amount, and how and when the security was created;
(c)the names and addresses of the debtor’s or partner’s preferential creditors, with the amounts of their respective claims;
(d)the names and addresses of the debtor’s or partner’s unsecured creditors, with the amounts of their respective claims;
(e)the particulars of any debts owed by the debtor or partner to persons who are associates of the debtor or partner, as the case may be;
(f)the particulars of any debts owed by associates of the debtor or partner;
(g)any other particulars as the nominee may in writing require to be provided for the purposes of making the nominee’s report.
(4)  The statement of affairs must be prepared up to —
(a)a date not more than 14 days before the date of the delivery of the notice to the nominee under regulation 6; or
(b)any earlier date (not being more than 2 months before the date of the delivery of the notice to the nominee under regulation 6) that the nominee may allow.
(5)  The statement of affairs must be verified by statutory declaration —
(a)where the debtor is an individual — by the debtor; or
(b)where the debtor is a firm — by each partner who joined in the preparation of the proposal in question.