The Insolvency Practitioners Regulations 2005 No. 524

SCHEDULE 2 E+W+S REQUIREMENTS FOR SECURITY OR CAUTION AND RELATED MATTERS

PART 2 E+W+S Requirements relating to security and caution

8.  In estimating the value of an insolvent's assets, unless he has reason to doubt their accuracy, the insolvency practitioner may rely upon—

(a) any statement of affairs produced in relation to that insolvent pursuant to any provision of the Act; and

(b) in the case of a sequestration—

(i) the debtor's list of assets and liabilities under section 19 of the Bankruptcy (Scotland) Act 1985 M1 ;

(ii) the preliminary statement under that Act; or

(iii) the final statement of the debtor's affairs by the interim trustee under section 23 of the Bankruptcy (Scotland) Act 1985.

Marginal Citations

M1 1985 c. 66.