Realisation of security by creditor
This section has no associated Explanatory Memorandum
64.—(1) If a creditor who has valued their security subsequently realises it (whether or not at the instance of the postal administrator)—
(a)the net amount realised shall be substituted for the value previously put by the creditor on the security; and
(b)that amount shall be treated in all respects as an amended valuation made by them.