Proof of debt deadline requires creditors to prove claims by the notified date or be excluded from distributions. A liquidator must (or may, outside court winding-up) fix a day, not less than the minimum notice period from the required notice, by which creditors must prove debts and establish any priority; creditors who fail to prove or establish priority by that date are excluded from distributions made before proof or from objecting to those distributions.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Proof of debt deadline requires creditors to prove claims by the notified date or be excluded from distributions.
A liquidator must (or may, outside court winding-up) fix a day, not less than the minimum notice period from the required notice, by which creditors must prove debts and establish any priority; creditors who fail to prove or establish priority by that date are excluded from distributions made before proof or from objecting to those distributions.
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