Schedule 4, Part 3, paragraph 26

Rule 15.31 of the England and Wales Insolvency Rules (calculation of voting rights) has effect as if— before paragraph (1) there were inserted— In relation to a decision to consent to a revised end date for a moratorium under section A12 of the Act votes are calculated according to the amount of each creditor's claim at the decision date. after paragraph (2) there were inserted— But in relation to a decision to consent to a revised end date for a moratorium under section A12 of the Act, a debt of an unliquidated or unascertained amount is to be valued at £1 for the purposes of voting unless the convener or chair or an appointed person decides to put a higher value on it. in paragraph (6), after sub-paragraph (b) there were inserted— where the decision relates to whether to consent to a revised end date for a moratorium under section A12 of the Act.

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Source: legislation.gov.uk · retrieved 2026-09-04