Article 130 Secured creditorsI1
England and Wales
(1)
If a secured creditor realises their security, the creditor may prove for the balance of their debt, after deducting the amount realised.
(2)
If a secured creditor voluntarily surrenders their security for the general benefit of creditors, they may prove for their whole debt, as if it were unsecured.
Annotations
Commencement
- I1
Rule 130 in force at 12.11.2021, see rule 2