A liquidator needs a proof of debt from a creditor prior to repayment in order to verify that the creditor is indeed owed money by the insolvent company and to calculate the amount of the debt. This is important because the liquidator is responsible for ensuring that all creditors are paid according to the rules of insolvency law.
In a bank liquidation, a proof of debt is a document filed with the court or other appropriate authority that provides evidence of the amount of money owed to the creditor. The proof of debt must include the amount owed, the reason it is owed, the name and address of the creditor, and any other information that may be required. The proof of debt must be verified by a court-appointed official or liquidator before it can be accepted as evidence of the debt.
A proof of debt is a document that a creditor submits to a liquidator in order to prove its entitlement to receive a payment from the liquidator. It generally includes details of the claim, such as the amount owed, the date of the debt, and any security held by the creditor. Claim evidence, on the other hand, is the evidence that a creditor provides to the liquidator to support its proof of debt. This evidence can include invoices, contracts, and other documents that demonstrate the debt and its validity.