# The Insolvency Rules 1986, Rule 2.90: Value of security


(1) A secured creditor may, with the agreement of the administrator or the leave of the court, at any time alter the value which he has, in his proof of debt, put upon his security.
(2) However, if a secured creditor—
(a) being the applicant for an administration order or the appointor of the administrator, has in the application or the notice of appointment put a value on his security; or
(b) has voted in respect of the unsecured balance of his debt,
he may re-value his security only with permission of the court.

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Source: https://www.legislation.gov.uk/uksi/1986/1925/rule/2.90 (the official version)
Page: https://openlegislation.uk/insolvency-rules-1986/rule-2.90
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.