Register of Claims and Distributable sums governs recording admitted creditor claims and the allocation of liquidation distributions. The register provides a prescribed format for recording creditor names, amounts claimed and admitted, and classification as secured, preferential, floating charge or unsecured, with only admitted claims entered; a distinct section records the declared distributable sum including rate, amount, payment date, mode and remarks.
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Register of Claims and Distributable sums governs recording admitted creditor claims and the allocation of liquidation distributions.
The register provides a prescribed format for recording creditor names, amounts claimed and admitted, and classification as secured, preferential, floating charge or unsecured, with only admitted claims entered; a distinct section records the declared distributable sum including rate, amount, payment date, mode and remarks.
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