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Article 58 Value of securityI1

England and Wales

(1)

A secured creditor may, with the agreement of the energy administrator or the leave of the court, at any time alter the value which he has, in his proof of debt, put upon his security.

(2)

However, if a secured creditor has voted in respect of the unsecured balance of his debt he may re-value his security only with permission of the court.

Annotations

Commencement

I1

Rule 58 in force at 1.10.2005, see rule 1