492. Contingent debts.

492.     Contingent debts.

The trustee must estimate the value of any bankruptcy debt which, by reason of its being subject to any contingency or contingencies or for any other reason, does not bear a certain value1.

Where the value of a bankruptcy debt is estimated by the trustee2 or by the court3, the amount provable in the bankruptcy in respect of the debt is the amount of the estimate4.

Generally, all contingent liabilities which may end in the payment of money, and which have not been declared incapable of being fairly estimated,