# The Insolvency Rules 1986, Rule 4.88: Secured creditors

Extent: E+W

(1) If a secured creditor realises his security, he may prove for the balance of his debt, after deducting the amount realised.
(2) If a secured creditor voluntarily surrenders his security for the general benefit of creditors, he may prove for his whole debt, as if it were unsecured.

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Source: https://www.legislation.gov.uk/uksi/1986/1925/rule/4.88 (the official version)
Page: https://openlegislation.uk/insolvency-rules-1986/rule-4.88
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.