PARTS 7 TO 12

PART 11DECLARATION AND PAYMENT OF DIVIDEND (WINDING UP AND BANKRUPTCY)

Notice of intended dividend

11.02.—(1) Before declaring a dividend, the responsible insolvency practitioner shall give notice of his intention to do so to all creditors whose addresses are known to him and who have not proved their debts.

(2) Before declaring a first dividend, the responsible insolvency practitioner shall, unless he has previously by public advertisement invited creditors to prove their debts, give notice of the intended dividend by public advertisement.

(3) Any notice under paragraph (1) and any notice of a first dividend under paragraph (2) shall specify a date (“the last date for proving”) up to which proofs may be lodged. The date shall be the same for all creditors, and not less than 21 days from that of the notice.

(4) The responsible insolvency practitioner shall in the notice state his intention to declare a dividend (specified as interim or final, as the case may be) within the period of 4 months from the last date for proving.

[E.R.11.2]