PART 7Distributions to creditors
CHAPTER 3Quantification of claims
Realisation of security by creditor141.
If a creditor who has valued their security subsequently realises it (whether or not at the instance of the administrator)—
(a)
the net amount realised must be substituted for the value previously put by the creditor on the security, and
(b)
that amount must be treated in all respects as an amended valuation made by the creditor.