This is the original version (as it was originally made). The electronic version of this UK Statutory Instrument has been contributed by Westlaw and is taken from the printed publication. Read more
4.88.—(1) If a secured creditor realises his security, he may prove for the balance of his debt, after deducting the amount realised.
(2) If a secured creditor voluntarily surrenders his security for the general benefit of creditors, he may prove for his whole debt, as if it were unsecured.
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