Article 5.29 Gazette notice of intended first dividend or distributionI1

Subject to paragraphs (2) and (4) where the housing administrator intends to declare a first dividend or distribution, the housing administrator must gazette a notice containing—

Where the intended dividend is only to preferential creditors the housing administrator need only gazette a notice if the housing administrator thinks fit.

The housing administrator may in addition advertise such a notice in such other manner (if any) as the housing administrator thinks fit.

Paragraph (1) does not apply where the housing administrator has previously, by a notice which has been gazetted, invited creditors to prove their debts.