No.42 Statement of Assets and Liabilities
The No.42 Statement of Assets and Liabilities is a court form used to disclose your complete financial situation. It should be filed when the Irish courts require you to provide details of what you own and what you owe.
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No.42 Statement of Assets and Liabilities
The No.42 Statement of Assets and Liabilities is a court form used to disclose your complete financial situation. It should be filed when the Irish courts require you to provide details of what you own and what you owe.
Risk Radar
- The most common mistake is failing to list all assets, especially those held jointly or in digital form.
- Incomplete asset disclosure
- Underestimating liabilities
- Using outdated valuations
- Missing joint assets
Plain English
This form helps you list everything you own (assets) and everything you owe (liabilities) in one place. It gives the court a clear picture of your finances when dealing with legal matters.
Submission Date
- Court deadlines for submitting this form will be specified in any court order or notice you receive. Missing these deadlines can result in case delays or penalties.
- Preparation window: collect IDs, supporting records, and signatures in advance.
- Final review: verify names, dates, and required fields before submission.
What this form is for
- • When ordered by the Irish courts to disclose financial information
- • In bankruptcy proceedings
- • In family law cases requiring financial disclosure
- • For debt relief applications
- • For certain insolvency cases
Use this form or another form?
| Situation | Likely form | Why it matters | Check before you continue |
|---|---|---|---|
| Bankruptcy proceedings | No.41 Statement of Affairs | Different bankruptcy-specific format required | Check if you're filing for bankruptcy |
| Family law financial disclosure | Form 13.1 | Specific to family law cases | Verify if this is a family law matter |
| Insolvency proceedings | No.41 Statement of Affairs | Different insolvency requirements | Confirm if this is an insolvency case |
| Estate administration | Form 1.1 | For deceased person's estate | Check if this relates to an estate |
Deadline or filing window
Court deadlines for submitting this form will be specified in any court order or notice you receive. Missing these deadlines can result in case delays or penalties.
Before you submit
- • Complete all sections of the form
- • List all assets with current valuations
- • Include all liabilities with outstanding amounts
- • Sign and date the form
- • Keep a copy for your records
- • Verify submission method with court office
How to file this form
- 1Gather all financial documents
- 2List all assets with current values
- 3List all liabilities with outstanding amounts
- 4Complete the form accurately
- 5Sign and date the form
- 6Submit to the appropriate court office by the deadline
- 7Keep a copy for your records
Known limitations
- • Does not include specific guidance for digital assets
- • May not cover international assets comprehensively
- • Limited instructions for complex business valuations
- • Does not provide tax advice on reporting
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✦ Open in AI EditorCurrent Form Status
This form is currently in use by the Courts Service of Ireland, but it's advisable to check the Courts Service website for any recent updates.
Agency: Courts Service of Ireland
What changed or needs a fresh check
- • Check for any recent updates on the Courts Service website
- • Verify if the form number has changed
- • Confirm if digital submission options are now available
- • Check if valuation requirements have been updated
Quick Facts
Form Details
- Agency
- Courts Service of Ireland
- Category
- Other Court Forms
- Source
- Court Forms ↗
- Revision Date
- 27/01/26
Downloads
No.42 Statement of Assets and Liabilities
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After you file
- • Keep a copy of the submitted form
- • Note the submission date and method
- • Monitor for any court communications
- • Be prepared to provide additional documentation if requested
- • Update your information if your financial situation changes significantly
Source and verification log
- • Form issued by Courts Service of Ireland
- • Form number: No.42
- • Form name: Statement of Assets and Liabilities
- • Not confirmed in official source - specific submission methods
- • Not confirmed in official source - exact list of required assets
- • Not confirmed in official source - current processing times
Common confusion points
6 things to watch for
- 1
Determining current market value of assets
- 2
Including assets held jointly with others
- 3
Reporting digital assets like cryptocurrency
- 4
Understanding what liabilities to include
- 5
Knowing when to update the form after submission
- 6
Differentiating between personal and business assets
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View →Source transparency
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