PART 14E+WCLAIMS BY AND DISTRIBUTIONS TO CREDITORS IN [F1A MORATORIUM,] ADMINISTRATION, WINDING UP AND BANKRUPTCY

Textual Amendments

CHAPTER 3E+WDistribution to creditors in administration, winding up and bankruptcy

Individual notices to creditors etc. of intended dividend or distributionE+W

14.29.—(1) The office-holder must deliver a notice of the intention to make a distribution to creditors or declare a dividend—

(a)to the creditors in an administration; and

(b)to all creditors in a winding up or a bankruptcy who have not proved (including any creditors who are owed small debts and are not deemed under rule 14.3(3) to have proved as a result of a previous notice under rule 14.29).

[F2(2) Paragraph (2A) applies where the intended dividend is only for one or both of the following—

(a)preferential creditors, or

(b)creditors in respect of a debt which is a moratorium debt or a priority pre-moratorium debt within the meaning given by section 174A.]

[F3(2A) Where this paragraph applies the office-holder is only required to deliver the notice to those creditors referred to in sub-paragraph (2)(a) or (b) for whom the dividend is intended.]

(3) Where the office-holder intends to declare a dividend to unsecured creditors in an administration or winding-up the notice must also state the value of the prescribed part unless there is no prescribed part or the court has made an order under section 176A(5).

Textual Amendments

Modifications etc. (not altering text)