http://www.legislation.gov.uk/uksi/2016/1024/rule/14.31The Insolvency (England and Wales) Rules 2016texttext/xmlenStatute Law DatabaseINSOLVENCY, ENGLAND AND WALES;COMPANIES, INDIVIDUALS2024-07-02Expert Participation2024-06-28 These Rules set out the detailed procedures for the conduct of all company and personal insolvency proceedings in England and Wales under the Insolvency Act 1986 and otherwise give effect to that Act. These Rules supersede the Insolvency Rules 1986 (SI 1986/1925 as amended). Those Rules are revoked along with 29 amending Rules. These Rules give effect to amendments made to the Insolvency Act by the Enterprise and Regulatory Reform Act 2011 (c.24), the Deregulation Act 2015 (c.20) and the Small Business, Enterprise and Employment Act 2015 (c.26). PART 14CLAIMS BY AND DISTRIBUTIONS TO CREDITORS IN <Addition ChangeId="key-b543fe33b6970d78c80bdbf20c97d99a-1642072905172" CommentaryRef="key-b543fe33b6970d78c80bdbf20c97d99a">A MORATORIUM,</Addition> ADMINISTRATION, WINDING UP AND BANKRUPTCYCHAPTER 3Distribution to creditors in administration, winding up and bankruptcyFurther contents of notice to creditors owed small debts etc.141The office-holder may treat a debt, which is a small debt according to the accounting records or the statement of affairs of the company or bankrupt, as if it were proved for the purpose of paying a dividend.2Where the office-holder intends to treat such a debt as if it were proved the notice delivered under rule 14.29 must—astate the amount of the debt which the office-holder believes to be owed to the creditor according to the accounting records or statement of affairs of the company or the bankrupt (as the case may be);bstate that the office-holder will treat the debt which is stated in notice, being for £1,000 or less, as proved for the purposes of paying a dividend unless the creditor advises the office-holder that the amount of the debt is incorrect or that no debt is owed;crequire the creditor to notify the office-holder by the last date for proving if the amount of the debt is incorrect or if no debt is owed; anddinform the creditor that where the creditor advises the office-holder that the amount of the debt is incorrect the creditor must also submit a proof in order to receive a dividend.3The information required by paragraph (2)(a) may take the form of a list of small debts which the office-holder intends to treat as proved which includes that owed to the particular creditor to whom the notice is being delivered.Words in Pt. 14 heading inserted (1.10.2021) by The Insolvency (England and Wales) (No.2) (Amendment) Rules 2021 (S.I. 2021/1028), rules 1, 52 (with rules 4, 5)Rules 14.28-14.35 applied (with modifications) (19.3.2024) by The Water Industry (Special Administration) (England and Wales) Rules 2024 (S.I. 2024/229), rules 1, 5, 104-108, Sch. (with rule 2(2))
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<Strong>PART 14</Strong>
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CLAIMS BY AND DISTRIBUTIONS TO CREDITORS IN
<Addition ChangeId="key-b543fe33b6970d78c80bdbf20c97d99a-1642072905172" CommentaryRef="key-b543fe33b6970d78c80bdbf20c97d99a">A MORATORIUM,</Addition>
ADMINISTRATION, WINDING UP AND BANKRUPTCY
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<Title>Further contents of notice to creditors owed small debts etc.</Title>
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14
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<Text>The office-holder may treat a debt, which is a small debt according to the accounting records or the statement of affairs of the company or bankrupt, as if it were proved for the purpose of paying a dividend.</Text>
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<Text>Where the office-holder intends to treat such a debt as if it were proved the notice delivered under rule 14.29 must—</Text>
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<Text>state the amount of the debt which the office-holder believes to be owed to the creditor according to the accounting records or statement of affairs of the company or the bankrupt (as the case may be);</Text>
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<Text>state that the office-holder will treat the debt which is stated in notice, being for £1,000 or less, as proved for the purposes of paying a dividend unless the creditor advises the office-holder that the amount of the debt is incorrect or that no debt is owed;</Text>
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<Text>require the creditor to notify the office-holder by the last date for proving if the amount of the debt is incorrect or if no debt is owed; and</Text>
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<Text>inform the creditor that where the creditor advises the office-holder that the amount of the debt is incorrect the creditor must also submit a proof in order to receive a dividend.</Text>
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<Text>The information required by paragraph (2)(a) may take the form of a list of small debts which the office-holder intends to treat as proved which includes that owed to the particular creditor to whom the notice is being delivered.</Text>
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<Text>
Words in
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heading inserted (1.10.2021) by
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,
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(with
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applied (with modifications) (19.3.2024) by
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,
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