Article 5.33 Notice of declaration of a dividendI1
England and Wales
Where the housing administrator declares a dividend, the housing administrator must deliver notice of that fact to all creditors who have proved for their debts (subject to paragraph (4)).
The notice declaring a dividend may be delivered at the same time as the dividend is distributed.
The notice must include the following in relation to the housing administration proceedings—
the amounts raised from the sale of assets, indicating (so far as practicable) amounts raised by the sale of particular assets;
the payments made by the housing administrator in carrying out the housing administrator’s functions;
the provision (if any) made for unsettled claims, and funds (if any) retained for particular purposes;
the total amount to be distributed and the rate of dividend; and
whether, and if so when, any further dividend is to be expected.
Where the housing administrator declares a dividend for preferential creditors only, the notice under paragraph (1) need only be delivered to those preferential creditors who have proved for their debts.
Annotations
Commencement
- I1
Rule 5.33 in force at 5.7.2018, see rule 1.1