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The Quick Answer
This is used in a pre-pack administration to prove that the person buying the assets and business are viable themselves and will not fall quickly into insolvency.
A viability statement is a requirement of Statement of Insolvency Practice 16 which covers all the extra reporting rules and requirements to satisfy a pre-pack administration has been properly carried out.
There is no exact layout of a viability statement. Usually it is a cash flow projection showing that there are sufficient funds available to get the company trading for a year.
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