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Chapter: | 6E
![]() | Title: | PROOF OF DEBTS RULES | Gazette Number: | |
| Rule: | 15 | Heading: | Version Date: | 30/06/1997 |
If a creditor after having valued his security subsequently realizes it, or if it is realized under the provisions of rule 12, the net amount realized shall be substituted for the amount of any valuation previously made by the creditor, and shall be treated in all respects as an amended valuation made by the creditor.