# The Insolvency Rules 1986, Rule 6.115: Value of security

Extent: E+W

(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.

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Source: https://www.legislation.gov.uk/uksi/1986/1925/rule/6.115 (the official version)
Page: https://openlegislation.uk/insolvency-rules-1986/rule-6.115
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.