Proof of contingent debts admissible in winding up, with claims to be reasonably estimated for provable value. All debts and claims against the company-present or future, certain or contingent, including debts payable on a contingency and claims sounding only in ... Summary
Proof of contingent debts admissible in winding up, with claims to be reasonably estimated for provable value.
All debts and claims against the company-present or future, certain or contingent, including debts payable on a contingency and claims sounding only in damages-are admissible to proof in every winding up, subject to applicable insolvency law, and a just estimate of value must be made, so far as possible, for claims that do not bear a certain value.
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