Business OS
Finance & AccountingBanking

Affidavit of No Creditors

This Affidavit of No Creditors template is used to formally declare that an individual or entity has no outstanding debts or financial obligations to any creditors. It is typically required in legal proceedings, business transactions, or estate matters to confirm financial solvency and absence of liabilities.

Updated 15d ago
affidavitno creditorsdebtfinancial solvencylegal documentdeclarationbanking

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

AFFIDAVIT OF NO CREDITORS

I, {{affiant_name}}, of {{affiant_address}}, {{affiant_city}}, {{affiant_province_state}}, {{affiant_country}}, being duly sworn, depose and state as follows:

Declaration of Solvency

1. I am the {{affiant_role_or_title}} of {{entity_name}} (hereinafter referred to as 'the Entity'), located at {{entity_address}}.

2. I have full knowledge of the financial affairs of the Entity and am duly authorized to make this Affidavit on its behalf.

No Outstanding Debts

3. The Entity has no outstanding debts, liabilities, or obligations to any creditors whatsoever, whether secured or unsecured, contingent or otherwise, as of the date of this Affidavit.

4. All financial obligations of the Entity have been fully satisfied and discharged.

5. There are no pending claims, lawsuits, judgments, or demands against the Entity by any creditor.

Indemnification

6. I understand that this Affidavit is being made for the purpose of {{purpose_of_affidavit}} and that relying parties will act in reliance upon the truthfulness of the statements contained herein.

7. The Entity hereby agrees to indemnify and hold harmless any party relying on this Affidavit from and against any and all claims, demands, liabilities, costs, and expenses (including reasonable legal fees) arising out of or in connection with any false statements or misrepresentations made in this Affidavit.

Further Assurances

8. I undertake to provide any further information or documentation that may be reasonably required to substantiate the statements made in this Affidavit.

Oath and Affirmation

I hereby declare under penalty of perjury that the foregoing is true and correct to the best of my knowledge, information, and belief.

Signature Block

SWORN TO AND SUBSCRIBED before me this {{day}} day of {{month}}, {{year}}.

_____________________________

{{affiant_name}}

Affiant

_____________________________

NOTARY PUBLIC

My Commission Expires: {{commission_expiry_date}}

Related templates