Financial Disclosure Statement

A financial disclosure statement is a legal document that provides information about a party’s income, assets, liabilities, and other financial matters. It is typically required in cases involving financial disputes, such as divorce, child support, or bankruptcy. The specific information required in the statement may vary by jurisdiction but typically includes employment information, income sources, bank accounts, real estate holdings, vehicles, and debts. The party must sign the statement under penalty of perjury, attesting to the accuracy and completeness of the information provided. The purpose of the financial disclosure statement is to provide the court and the opposing party with a complete picture of the party’s financial situation, which can be used to determine issues such as property division, support obligations, or ability to pay debts. Failure to provide a complete and accurate statement may result in sanctions or other penalties. Financial disclosure statements are an important part of the legal process in cases involving financial matters and can have a significant impact on the outcome of the case.