The Insolvency (Scotland) (Company Voluntary Arrangements and Administration) Rules 2018 No. 1082 (S. 4)

PART 3 S ADMINISTRATION

CHAPTER 15 S Claims by and distributions to Creditors

Small debts S

3.118.—(1) A creditor is deemed to have submitted a claim for the purposes of adjudication of entitlement to and payment of a dividend but not otherwise where—

(a) the debt is a small debt;

(b) notice has been delivered to the creditor under rule 3.119; and

(c) the creditor has not advised the administrator that the debt is incorrect or not owed in response to the notice.

(2) In this rule “small debt” means a debt (being the total amount owed to a creditor) which does not exceed £1,000 (which amount is prescribed for the purposes of paragraph 13A M1 of Schedule 8 to the Act and paragraph 18A M2 of Schedule 9 to the Act.

Marginal Citations

M1 Paragraph 13A is inserted by section 131 of the 2015 Act.

M2 Paragraph 18A is inserted by section 132 of the 2015 Act.