PART 10Claims, dividends and distribution etc.

Submission and adjudication of claims

I1127Adjudication of claims: review and appeal

1

The debtor or any creditor may apply to AiB for a review of—

a

the acceptance or rejection of any claim, or

b

a decision in respect of any matter requiring to be specified under section 126(7)(a) or (b).

2

The debtor may make an application under subsection (1) only if the debtor satisfies AiB that the debtor has, or is likely to have, a pecuniary interest in the outcome of the review.

3

Any application under subsection (1) must be made, in the case of a review relating to an acceptance or rejection—

a

under subsection (1) of section 126, within 14 days beginning with the day of the decision to accept or reject the claim, and

b

under subsection (3) of that section, within 28 days beginning with that day.

4

If an application under subsection (1) is made, AiB must—

a

take into account any representations made by an interested party within 21 days beginning with the day on which the application is made, and

b

confirm, amend or revoke the decision within 28 days beginning with that day.

5

The debtor or any creditor may, within 14 days beginning with the day of a decision by AiB under subsection (4)(b), appeal to the sheriff against that decision.

6

The debtor may appeal under subsection (5) only if the debtor satisfies the sheriff that the debtor has, or is likely to have, a pecuniary interest in the outcome of the appeal.