Financial Disclosure Statement

A financial disclosure statement is a legal document that provides information about a defendant’s income, assets, liabilities, and other financial matters. The statement is typically required as part of the pretrial release or sentencing process and may be used to determine the defendant’s eligibility for court-appointed counsel, to set bail or bond conditions, or to assess the defendant’s ability to pay fines, fees, or restitution. The specific information required in the statement may vary by jurisdiction but typically includes the defendant’s employment status, income sources, bank accounts, real estate holdings, vehicles, and debts. The defendant must sign the statement under penalty of perjury, attesting to the truth and accuracy of the information provided. Failure to provide a complete and accurate statement may result in sanctions, such as revocation of release or contempt of court. The prosecution and the court may use the information in the statement to make decisions about the appropriate resolution of the case.