PART 7 Distributions to creditors

CHAPTER 3 Quantification of claims

128 Estimate of quantum
1 The administrator must estimate the value of any debt which, by reason of it being subject to any contingency or for any other reason, does not bear a certain value, and a previous estimation may be revised, if the administrator thinks fit, by reference to any change of circumstances or to information becoming available to the administrator.
2 The creditors must be informed of the estimation and any revision of it.
3 Where the value of a debt is estimated under this rule, the amount provable in the special administration in the case of that debt is that of the estimate for the time being.