# The Energy Supply Company Administration Rules 2013, Article 52: Secured creditors


(1) If a secured creditor realises the secured creditor's security, the secured creditor may prove for the balance of the secured creditor's debt, after deducting the amount realised.
(2) If a secured creditor voluntarily surrenders a security for the general benefit of creditors, the secured creditor may prove for the secured creditor's whole debt, as if it were unsecured.

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Source: https://www.legislation.gov.uk/uksi/2013/1046/article/52 (the official version)
Page: https://openlegislation.uk/energy-supply-company-administration-rules-2013/article-52
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.