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11.07. If the responsible insolvency practitioner gives notice to creditors that he is unable to declare any dividend or (as the case may be) any further dividend, the notice shall contain a statement to the effect either—
(a)that no funds have been realised, or
(b)that the funds realised have already been distributed or used or allocated for defraying the expenses of administration.
[E.R.11.7]
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