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The Insolvency (England and Wales) Rules 2016
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Administration and winding up: estimate of value of debt
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14.14.—(1) In an administration or in a winding up, the office-holder must estimate the value of a debt that does not have a certain value because it is subject to a contingency or for any other reason.
(2) The office-holder may revise such an estimate by reference to a change of circumstances or to information becoming available to the office-holder.
(3) The office-holder must inform the creditor of the office-holder’s estimate and any revision.
(4) Where the value of a debt is estimated under this rule or by the court under section 168(3) or (5), the amount provable in the case of that debt is that of the estimate for the time being.
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