Regulation 48
Discounts
of Insolvency, Restructuring and Dissolution (Bankruptcy) Regulations 2020
Subsidiary LegislationIn forceProvision 49 of 86
Regulation 48
A creditor proving the creditor’s debt must deduct from the creditor’s claim all trade and other discounts which would have been available to the bankrupt but for the bankruptcy of the bankrupt, except any discount for immediate, early or cash settlement.