Article 59 Surrender for non-disclosureI1
England and Wales
(1)
If a secured creditor omits to disclose his security in his proof of debt, he shall surrender his security for the general benefit of creditors, unless the court, on application by him, relieves him from the effect of this Rule on the ground that the omission was inadvertent or the result of honest mistake.
(2)
If the court grants that relief, it may require or allow the creditor’s proof of debt to be amended, on such terms as may be just.
Annotations
Commencement
- I1
Rule 59 in force at 1.10.2005, see rule 1