Article 5.14 Estimate of value of debt

The education administrator must estimate the value of a debt that does not have a certain value because it is subject to a contingency or for any other reason.

The education administrator may revise such an estimate by reference to a change of circumstances or to information becoming available to the education administrator.

The education administrator must inform the creditor of the education administrator’s estimate and any revision.

Where the value of a debt is estimated under this rule, or by the court under section 168(3) or (5), the amount provable in the case of that debt is that of the estimate for the time being.