{
  "url": "https://openlegislation.uk/insolvency-practitioners-regulations-1990/schedule-2/paragraph-2",
  "json_url": "https://openlegislation.uk/insolvency-practitioners-regulations-1990/schedule-2/paragraph-2.json",
  "legislation": "uksi/1990/439",
  "legislation_title": "The Insolvency Practitioners Regulations 1990",
  "legislation_url": "https://openlegislation.uk/insolvency-practitioners-regulations-1990",
  "path": "schedule/2/paragraph/2",
  "kind": "paragraph",
  "number": "2",
  "heading": null,
  "text": "In estimating the value of a person’s assets, the practitioner shall have regard to:–\n(a) in a case specified in sub-paragraphs 1(a)(i)–(vii) and (x) above, the estimated value of those assets disclosed in any statement of affairs in respect of such cases and any comments of creditors or the official receiver on that statement; and\n(b) in a case specified in sub-paragraph 1(a)(viii), the estimated value of the assets of the company as disclosed in any report on the company’s affairs prepared pursuant to Rule 2.2 of the Insolvency Rules 1986 or, as the case may be, pursuant to Rule 2.1 of the Insolvency (Scotland) Rules 1986;\n(c) in a case specified in sub-paragraph 1(a)(ix) the estimated value of those assets disclosed, as the case may be, by the most recently available of–\n(i) the debtor’s list of assets and liabilities under section 19 of the Bankruptcy Act;\n(ii) the preliminary statement under section 20 of that Act; or\n(iii) the final statement of the debtor’s affairs by the interim trustee under section 23 of that Act.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "S.I. 1986/1925, to which there are amendments not specifically relevant to these Regulations."
    }
  ],
  "outstanding_effects": [
    {
      "type": "amended",
      "affecting": "uksi/1993/221",
      "affecting_title": "The Insolvency Practitioners (Amendment) Regulations 1993"
    },
    {
      "type": "am (1.1.2003)",
      "affecting": "uksi/2002/2710",
      "affecting_title": "The Insolvency Practitioners (Amendment) Regulations 2002"
    },
    {
      "type": "am (1.1.2003)",
      "affecting": "uksi/2002/2710",
      "affecting_title": "The Insolvency Practitioners (Amendment) Regulations 2002"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1990/439/schedule/2/paragraph/2",
    "retrieved_at": "2026-10-29T15:26:04.135524+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}