Rule 60 Value of securityI1
England and Wales
(1)
A secured creditor may, with the agreement of the postal administrator or the permission of the court, at any time alter the value which they have, in their proof of debt, put upon their security.
(2)
However, if a secured creditor has voted in respect of the unsecured balance of their debt, they may re-value their security only with permission of the court.