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Rule 6.115 Value of securityI1

England and Wales

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

  • rule 4.54(5-CVL) substituted for rule 4.54(5) by Insolvency 2010 Sch. 1 para. 179(5)
(1)

A secured creditor may, with the agreement of the trustee 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 petitioner, has in the petition 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 leave of the court.

Annotations

Commencement

I1

Rule 6.115 in force at 29.12.1986, see rule 0.1