Rule 12 Amendment to Rule 2.95

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

rule 4.127(7-CVL) added by Insolvency 2010 Sch. 1 para. 217(7)
rule 4.131A-4.131C inserted by Insolvency 2010 Sch. 1 para. 223
rule 4.148C-4.148E inserted by Insolvency 2010 Sch. 1 para. 229
rule 6.78A-6.78D inserted by Insolvency 2010 Sch. 1 para. 338
rule 6.142A-6.142C inserted by Insolvency 2010 Sch. 1 para. 372
rule 11.1-11.12 word substituted by Insolvency 2010 Sch. 1 para. 483(2)

In Rule 2.95—

(a)

for paragraph (3) substitute—

“(3)
Subject to paragraph (5)(b), before declaring a dividend the administrator shall by notice invite the creditors to prove their debts. Such notice—

(a)
shall be gazetted; and

(b)
may be advertised in such other manner as the administrator thinks fit.”; and

(b)

for paragraph (5) substitute—

“(5)
Where a dividend is to be declared for preferential creditors—

(a)
the notice pursuant to paragraph (1) need only to be given to those creditors in whose case the administrator has reason to believe that their debts are preferential; and

(b)
the notice pursuant to paragraph (3) need only be given if the administrator thinks fit.”.