← belizelaw.ai · Companies, Cap. 250 · PART IV — Winding-Up of Companies
Debts of all descriptions to be proved
Cap. 250, s. 199 · Revised Edition 2020
In every winding-up (subject in the case of insolvent companies to the application in accordance with this Act of the law of bankruptcy) all debts payable on a contingency, and all claims against the company, present or future, certain or contingent, ascertained or sounding only in damages, shall be admissible to proof against the company, a just estimate being made, so far as possible, of the value of such debts or claims as may be subject to any contingency or sound only in damages, or for some other reason do not bear a certain value.
141
Have a question about this section? Ask belizelaw.ai →