This is the original version (as it was originally made).
14.37.—(1) This rule applies in an administration, winding up or bankruptcy.
(2) If the office-holder delivers notice to creditors that the office-holder is unable to declare any dividend or (as the case may be) any further dividend, the notice must 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 paying the expenses of the insolvency proceedings.
(3) The information required by paragraph (2) may be included in a progress report.
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