Under the Insolvency Rules 2014 (the “IR”) resolutions of unsecured creditors (more especially non-insurance claims, not otherwise supported by the FSCS) generally require 50% in value of the creditors present in person, or by proxy. Please see IR 276 & IR 287. Consequently the proxy form considers issues of security, set-off, etc. Additionally the proxy form considers connected parties, including that of office holders, whose vote may not count, especially as to fees.