# The Insolvency (England and Wales) Rules 2016, Rule 14.19: Realisation or surrender of security by creditor


(1) If a creditor who has valued a security subsequently realises the security (whether or not at the instance of the office-holder)—
(a) the net amount realised must be treated in all respects (including in relation to any valuation in a proof) as an amended valuation made by the creditor; and
(b) the creditor may prove for the balance of the creditor's debt.
(2) A creditor who voluntarily surrenders a security may prove for the whole of the creditor's debt as if it were unsecured.

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Source: https://www.legislation.gov.uk/uksi/2016/1024/rule/14.19 (the official version)
Page: https://openlegislation.uk/insolvency-england-and-wales-rules-2016/rule-14.19
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.