Creditor voting limits: unliquidated, contingent, or negotiable-instrument-backed claims excluded unless treated as security and deducted. A creditor is prohibited from voting on any unliquidated, contingent, or unascertained-value debt, and may not vote on debts on or secured by a current bill of exchange or promissory note unless he treats antecedent liabilities of others as security, estimates their value, and deducts that estimated value from his proof for voting purposes (not for dividend).
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.
Creditor voting limits: unliquidated, contingent, or negotiable-instrument-backed claims excluded unless treated as security and deducted.
A creditor is prohibited from voting on any unliquidated, contingent, or unascertained-value debt, and may not vote on debts on or secured by a current bill of exchange or promissory note unless he treats antecedent liabilities of others as security, estimates their value, and deducts that estimated value from his proof for voting purposes (not for dividend).
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