In the case of a member's voluntary winding up, the directors of the company are required to prepare both a statement of affairs and a declaration of solvency.

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In a member's voluntary winding up, the directors are required to prepare both a statement of affairs and a declaration of solvency. The statement of affairs provides a detailed account of the company's assets and liabilities, while the declaration of solvency confirms that the directors believe the company can pay its debts in full within 12 months of the wind up commencing.

In the Case of a Member's Voluntary Winding Up, the Directors