Q&As

What test/threshold should a trustee in bankruptcy apply when adjudicating on whether to admit a proof of debt for voting purposes? How does this compare with the test/threshold to apply when adjudicating on a proof of debt for dividend purposes? Is the statement of reasons under the Insolvency (England and Wales) Rules 2016, SI 2016/1024, r 14.7 (IR 2016) only required in respect of rejecting a proof of debt for dividend purposes?

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Published on LexisPSL on 14/02/2018

The following Restructuring & Insolvency Q&A provides comprehensive and up to date legal information covering:

  • What test/threshold should a trustee in bankruptcy apply when adjudicating on whether to admit a proof of debt for voting purposes? How does this compare with the test/threshold to apply when adjudicating on a proof of debt for dividend purposes? Is the statement of reasons under the Insolvency (England and Wales) Rules 2016, SI 2016/1024, r 14.7 (IR 2016) only required in respect of rejecting a proof of debt for dividend purposes?

What test/threshold should a trustee in bankruptcy apply when adjudicating on whether to admit a proof of debt for voting purposes? How does this compare with the test/threshold to apply when adjudicating on a proof of debt for dividend purposes? Is the statement of reasons under the Insolvency (England and Wales) Rules 2016, SI 2016/1024, r 14.7 (IR 2016) only required in respect of rejecting a proof of debt for dividend purposes?

If a creditor wishes to try and recover from an insolvency estate, they must submit a proof of debt, unless the Insolvency (England and Wales) Rules 2016,

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