Article 51 Secured creditorsI1
England and Wales
(1)
If a secured creditor realises his security, he may prove for the balance of his debt, after deducting the amount realised.
(2)
If a secured creditor voluntarily surrenders his security for the general benefit of creditors, he may prove for his whole debt, as if it were unsecured.
Annotations
Commencement
- I1
Rule 51 in force at 1.10.2005, see rule 1