The Illinois Affidavit of assets and liabilities is a legally binding document that is used in the State of Illinois to provide an accurate and comprehensive list of the assets and liabilities of an individual or business. It is typically used in conjunction with other legal documents such as divorce proceedings, loan applications, or bankruptcy proceedings. The affidavit must be filed with the appropriate court and must be signed by the person providing the information. The affidavit must list all assets and liabilities of the person or business. Assets include items such as real estate, vehicles, investments, and bank accounts. Liabilities include outstanding debts, loans, and mortgages. The affidavit must also include the estimated value of each asset and liability. There are four types of Illinois Affidavit of Assets and Liabilities: Individual, Joint, Corporation, and Partnership. The individual affidavit is used for the assets and liabilities of a single person. The joint affidavit is used for the assets and liabilities of two or more people. The corporation affidavit is used for the assets and liabilities of a corporation. The partnership affidavit is used for the assets and liabilities of a partnership.