{
  "url": "https://openlegislation.uk/insolvency-scotland-receivership-and-winding-up-rules-2018/part-7/chapter-4/article-7n23",
  "json_url": "https://openlegislation.uk/insolvency-scotland-receivership-and-winding-up-rules-2018/part-7/chapter-4/article-7n23.json",
  "legislation": "ssi/2018/347",
  "legislation_title": "The Insolvency (Scotland) (Receivership and Winding up) Rules 2018",
  "legislation_url": "https://openlegislation.uk/insolvency-scotland-receivership-and-winding-up-rules-2018",
  "path": "part/7/chapter/4/article/7n23",
  "kind": "article",
  "number": "7.23",
  "heading": "Debts depending on contingency",
  "text": "(1) Subject to paragraph (2), the amount which a creditor is entitled to claim is not to include a debt in so far as its existence or amount depends on a contingency.\n(2) On an application by the creditor—\n(a) to the liquidator; or\n(b) if there is no liquidator, to the court,\nthe liquidator or court must put a value on the debt in so far as it is contingent.\n(3) Where under paragraph (2) a value is put on the debt—\n(a) the amount in respect of which the creditor is then entitled to claim is to be that value but no more;\n(b) where the contingent debt is an annuity, a cautioner may not then be sued for more than that value.\n(4) Any interested person may appeal to the court against a valuation under paragraph (2) by the liquidator, and the court may affirm or vary that valuation.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ssi/2018/347/part/7/chapter/4/article/7n23",
    "retrieved_at": "2026-10-28T21:10:16.461516+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}