juris

Section 307: Uncertain proof

Insolvency Act · PART IV: PROVISIONS APPLICABLE TO BANKRUPTCY AND WINDING UP

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.

307. Uncertain proof (1) Where a proof is subject to a contingency, or is for damages, or where for some other reason the amount of the proof is uncertain, the Official Receiver or liquidator may estimate the amount of the proof. (2) The Court shall determine the amount of an uncertain proof on the application of— (a) the Official Receiver or liquidator, where the Official Receiver or liquidator chooses not to estimate the amount; or (b) a creditor, where the Official Receiver or liquidator has estimated the amount and the creditor is aggrieved by the estimate.

Ask juris about this section Official source