Financial Disclosure Statement

A financial disclosure statement is a legal document that provides information about an individual’s or organization’s financial situation, including income, assets, liabilities, and expenses. In the context of a lawsuit, financial disclosure statements may be required as part of the discovery process or when seeking certain types of relief, such as damages or injunctive relief. These statements help parties and the court understand the financial position of the involved parties and can be used to assess the credibility of claims or defenses related to financial matters.