Insolvency Practice Rules (Bankruptcy) 2016
75‑85 Entitlement to vote at meetings of75‑85 Entitlement to vote at meetings of creditors
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75‑85 Entitlement to vote at meetings of creditors
(1) A person other than a creditor (or the creditor’s proxy or attorney) is not entitled to vote at a meeting of creditors. (2) Subject to subsections (3) and (4), each creditor is entitled to vote and has one vote. (3) If a creditor is a secured creditor, the creditor is not entitled to vote unless the debt, or the total amount of the debts, owed to the creditor exceeds the amount estimated by the creditor in the statement given to the trustee under section 75‑80 to be the value of the security. (4) A creditor who has failed to give to the trustee a statement in accordance with section 75‑80 is not entitled to vote.