PART 5CLAIMS BY AND DISTRIBUTIONS TO CREDITORS

CHAPTER 3Distribution to creditors

Further contents of notice to creditors owed small debts etc.5.28

1

The housing administrator may treat a debt, which is a small debt according to the accounting records or the statement of affairs of the registered provider, as if it were proved for the purposes of paying a dividend.

2

Where the housing administrator intends to treat such a debt as if it were proved, the notice delivered under rule 5.26 must—

a

state the amount of the debt which the housing administrator believes to be owed to the creditor according to the accounting records or statement of affairs of the registered provider;

b

state that the housing administrator will treat the debt which is stated in the notice, being for £1,000 or less, as proved for the purposes of paying a dividend unless the creditor advises the housing administrator that the amount of the debt is incorrect or that no debt is owed;

c

require the creditor to notify the housing administrator by the last date for proving if the amount of the debt is incorrect or if no debt is owed; and

d

inform the creditor that where the creditor advises the housing administrator that the amount of the debt is incorrect the creditor must also submit a proof to receive a dividend.

3

The information required by paragraph (2)(a) may take the form of a list of small debts which the housing administration intends to treat as proved which includes the debt owed to the particular creditor upon whom the notice is being delivered.