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SCHEDULE 1Amendments to the Insolvency Rules 1986

Amendment to Rule 11.6

489.—(1) Rule 11.6 (notice of declaration) is amended as follows.

(2) After paragraph (2) insert—

(2A) Where, in a winding up other than a members’ voluntary winding up, the liquidator proposes to declare a dividend to unsecured creditors, the notice must also state the value of the prescribed part, except where the court has made an order under section 176A(5)..