{
  "url": "https://openlegislation.uk/education-administration-rules-2018/article-5.15",
  "json_url": "https://openlegislation.uk/education-administration-rules-2018/article-5.15.json",
  "legislation": "uksi/2018/1135",
  "legislation_title": "The Education Administration Rules 2018",
  "legislation_url": "https://openlegislation.uk/education-administration-rules-2018",
  "path": "article/5.15",
  "kind": "article",
  "number": "5.15",
  "heading": "Secured creditor: value of security",
  "text": "(1) A secured creditor may, with the agreement of the education administrator or the permission of the court, at any time alter the value which that creditor has put upon a security in a proof.\n(2) Where a secured creditor has voted in respect of the unsecured balance of the debt—\n(a) the secured creditor may re-value the security only with the agreement of the education administrator or the permission of the court; and\n(b) where the revaluation was by agreement, the education administrator must deliver a notice of the revaluation to the creditors within five business days after the education administrator’s agreement.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2018/1135/article/5.15",
    "retrieved_at": "2026-10-28T22:52:44.908739+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}