304Claims by unsecured creditors

1. A claim by an unsecured creditor against a company in liquidation must be made in the prescribed form and must—

2. contain full particulars of the claim; and
3. identify any documents that evidence or substantiate the claim.

4. The liquidator may require the production of a document referred to in subsection (1)(b).

5. The liquidator must, as soon as practicable, either admit or reject a claim in whole or in part, and if the liquidator subsequently considers that a claim has been wrongly admitted or rejected in whole or in part, may revoke or amend that decision.

6. If a liquidator rejects a claim, whether in whole or in part, he or she must forthwith give notice in writing of the rejection to the creditor.

7. The costs of making a claim under subsection (1) or producing a document under subsection (2) must be met by the creditor making the claim.

8. Every person who—

9. makes, or authorises the making of, a claim under this section that is false or misleading in a material particular knowing it to be false or misleading; or
10. omits, or authorises the omission, from a claim under this section of any matter knowing that the omission makes the claim false or misleading in a material particular—
commits an offence, and is liable on conviction to the penalties set out in section 373(4).