Rule 1.17 Entitlement to vote (creditors)F1

Subject as follows, every creditor who has notice of the creditors' meeting is entitled to vote at the meeting or any adjournment of it.

Votes are calculated according to the amount of the creditor’s debt as at the date of the meeting or, where the company is being wound up or is F2in administration, the date of its going into liquidation or (as the case may be) of the when the company entered administration.

A creditor may vote in respect of a debt for an unliquidated amount or any debt whose value is not ascertained and for the purposes of voting (but not otherwise) his debt shall be valued at £1 unless the chairman agrees to put a higher value on it.