Rule 14.3 Proving a debtC1
A creditor wishing to recover a debt must submit a proof to the office-holder unless—
this rule or an order of the court provides otherwise; or
it is a members' voluntary winding up in which case the creditor is not required to submit a proof unless the liquidator requires one to be submitted.
A creditor is deemed to have proved—
in a winding up immediately preceded by an administration, where the creditor has already proved in the administration; or
in an administration immediately preceded by a winding up, where the creditor has already proved in the winding up.
A creditor is deemed to have proved for the purposes of determination and payment of a dividend but not otherwise where—
the debt is a small debt;
a notice has been delivered to the creditor of intention to declare a dividend or make a distribution under rule 14.29 which complies with rule 14.31 (further contents of notice to creditors owed small debts); and
the creditor has not advised the office-holder that the debt is incorrect or not owed in response to the notice.
Annotations
Modifications
- C1
Rules 14.1-14.24 applied (with modifications) (19.3.2024) by The Water Industry (Special Administration) (England and Wales) Rules 2024 (S.I. 2024/229), rules 1, 5, 86-103, Sch. (with rule 2(2))
Notes on Part 14
Textual amendments
Notes on Chapter 2
Textual amendments
- F1
Words in Pt. 14 Ch. 2 heading inserted (1.10.2021) by The Insolvency (England and Wales) (No.2) (Amendment) Rules 2021 (S.I. 2021/1028), rules 1, 54 (with rules 4, 5)