A bankruptcy document detailing a debtor's financial history and transactions.
Definition
The Statement of Financial Affairs (SOFA) is a required document in bankruptcy filings that provides a detailed account of a debtor's financial background, including income, payments to creditors, recent transfers of property, lawsuits, and other financial information relevant to the case.
Why It Matters
The SOFA is critical for public records and OSINT researchers because it offers a comprehensive and underutilized source of financial data, helping to uncover hidden assets, prior transactions, and clarify the debtor’s financial affairs during bankruptcy investigations.