Section 12: (1) This section applies if a secured creditor values the property subject to
consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
12. (1) This section applies if a secured creditor values the property subject to
the security and proves as an unsecured creditor for the balance due.
(2) The valuation and the proof must—
(a) be made in the prescribed form;
(b) contain full particulars of the valuation and the debt;
(c) contain full particulars of the security, including the date when it was
given; and
(d) identify any documents that substantiate the debt and the security.
(3) The creditor must produce any document in subparagraph (2) (d) if required by the Official Receiver or liquidator.