Versions

 

36. Notice of declaration of a dividend

(1) Where the Office-holder declares a dividend the Office-holder must deliver notice of that fact to, subject to sub-paragraph (3), all creditors who have proved for their debts.
(2) The notice must include the following particulars relating to the Insolvency Proceedings —
(a) amounts raised from the sale of assets, indicating (so far as practicable) amounts raised by the sale of particular assets;
(b) payments made by the Office-holder in carrying out the Office-holder's functions in relation to the Insolvency Proceedings;
(c) provision (if any) made for unsettled claims, and funds (if any) retained for particular purposes;
(d) the total amount to be distributed and the rate of dividend; and
(e) whether, and if so when, any further dividend is expected to be declared.
(3) Where the Office-holder declares a dividend for preferential creditors only, the notice pursuant to sub-paragraph (1) need only be delivered to those preferential creditors who have proved for their debts.