A Statement of Net Worth is a sworn document required in a New York divorce to outline a spouse's financial situation, including assets, liabilities, income, and expenses. It includes personal and contact information, employment and income information, assets, liabilities, expenses, debts, obligations, pensions, and business interests. To complete the statement, gather financial documents, complete the form, attach supporting documents, and sign and notarize the form. Failure to complete the statement can result in delays in the divorce process, financial penalties, and loss of credibility.