Best estimate of indeterminate claims: liquidator must quantify imprecise claim amounts from available information. When a claimant's amount is imprecise due to contingency or uncertainty, the regulation requires the liquidator to determine the claim by making the best estimate possible from the information available to him, enabling admission and processing of the claim during liquidation.
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.
Best estimate of indeterminate claims: liquidator must quantify imprecise claim amounts from available information.
When a claimant's amount is imprecise due to contingency or uncertainty, the regulation requires the liquidator to determine the claim by making the best estimate possible from the information available to him, enabling admission and processing of the claim during liquidation.
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