Understanding the intricacies of handling financial alterations during difficult times, such as a company going into administration, necessitates navigating specific legal documentation, with the Form 4.25 being a paramount example. This form is a bridge for creditors to officially submit their claims in the wake of a company's financial downturn, as encapsulated within the context of HMV Group Plc's administration under the Insolvency Act 1986. A precise date marks the initiation of this process, painting a timeline for creditors to observe. The form encourages creditors to meticulously detail their claim, including the total amount owed, with considerations for Value Added Tax and any outstanding interest, providing a foundational structure for the liquidation assessment. The need for substantiation through documents is highlighted, reminding creditors of the importance of evidence in claiming their dues. Furthermore, it delves into the specifics of preferential debts, casting light on the complexities of financial claims within the realm of insolvency. By analyzing claims through a detailed lens – including examining the nature of debts, possible securities held, and the calculation of claims net of taxes and interests – the form serves as a comprehensive tool. It not only aids administrators in evaluating claims but also ensures creditors are accorded a structured pathway to voice their financial grievances, underpinned by an administrative and legal framework designed to manage the challenging waters of a company's insolvency. The inclusion of Turnkey Computer Technology Limited's software underscores the collaboration between legal procedure and technology, aiming to streamline the process for all parties involved.
| Question | Answer |
|---|---|
| Form Name | Form 4 25 |
| Form Length | 2 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 30 sec |
| Other names | preferentially, liquidator, proof of debt general form rule 2 72, proof of debt form |
Rule 2.72 |
Form 4.25 |
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PROOF OF DEBT - GENERAL FORM |
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In the matter of HMV Group Plc |
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In Administration |
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and in the matter of The Insolvency Act 1986 |
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Date of Administration 15 January, 2013 |
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1. |
Name of Creditor |
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2. |
Address of Creditor |
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3. |
Total amount of claim, including any Value |
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Added Tax and outstanding uncapitalised |
£ |
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interest as at the date the company went into |
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liquidation (see note) |
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4. |
Details of any document by reference to which |
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the debt can be substantiated. [Note the |
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liquidator may call for any document or |
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evidence to substantiate the claim at his |
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discretion] |
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5. |
If the total amount shown above includes |
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Value Added Tax, please show:- |
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(a) amount of Value Added Tax |
£ |
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(b) amount of claim NET of Value Added Tax |
£ |
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6. |
If total amount above includes outstanding |
£ |
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uncapitalised interest please state amount |
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7. |
If you have filled in both box 3 and box 5, |
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please state whether you are claiming the |
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amount shown in box 3 or the amount shown |
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in box 5(b) |
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8. |
Give details of whether the whole or any part |
Category |
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of the debt falls within any (and if so which) of |
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the categories of preferential debts under |
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section 386 of, and schedule 6 to, the |
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Insolvency Act 1986 (as read with schedule 3 |
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to the Social Security Pensions Act 1975) |
Amount(s) claimed as preferential £ |
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9. |
Particulars of how and when debt incurred. |
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10. |
Particulars of any security held, the value of |
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the security, and the date it was given |
£ |
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11. |
Signature of creditor or person authorised to |
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act on his behalf |
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Name in BLOCK LETTERS |
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Position with or relation to creditor |
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Rule 2.72 |
Form 4.25 |
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Software Supplied by Turnkey Computer Technology Limited, Glasgow
PROOF OF DEBT - GENERAL FORM (CONTD…)
Admitted to Vote for
£
Date
Administrator
__________________________________________________________________________________
Admitted preferentially for
£
Date
Administrator
__________________________________________________________________________________
Admitted
£
Date
Administrator
Software Supplied by Turnkey Computer Technology Limited, Glasgow