# The Insolvency Rules (Northern Ireland) 1991, Rule 4.094: Secured creditors


(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.
[E.R.4.88]

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Source: https://www.legislation.gov.uk/nisr/1991/364/rule/4.094 (the official version)
Page: https://openlegislation.uk/insolvency-rules-northern-ireland-1991/rule-4.094
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.