The Insolvency Rules 1986 No. 1925

Prospective

THE FIRST GROUP OF PARTS E+W

PART 4 E+W COMPANIES WINDING UP

CHAPTER 9 E+W PROOF OF DEBTS IN A LIQUIDATION

SECTION A: PROCEDURE FOR PROVING E+W

Cost of proving E+W

4.78.—(1) Subject as follows, every creditor bears the cost of proving his own debt, including such as may be incurred in providing documents or evidence under Rule 4.75(3) or 4.76-CVL.

(2) Costs incurred by the liquidator in estimating the quantum of a debt under Rule 4.86 (debts not bearing a certain value) are payable out of the assets, as an expense of the liquidation.

(3) Paragraphs (1) and (2) apply unless the court otherwise orders.

Commencement Information

I1 Rule 4.78 in force at 29.12.1986, see rule 0.1