(1) If a secured creditor's proof of debt is in respect of the balance due after deducting the creditor's estimate of the value of the security, the creditor may, at any time, apply to the liquidator or the Court for permission to amend the proof of debt by altering the estimated value. (2) If the liquidator or the Court is satisfied:

(a)

that the estimate of the value of the security was made in good faith on a mistaken basis; or

(b)

that the value of the security has changed since the estimate was made;