Rule 19 Amendment of Part 2I1

In paragraph (1), after “he shall” insert “(subject to paragraphs (5) and (6));”.

For paragraph 2(b) substitute—

“(b)

state which of the following classes of creditor will be included in the distribution—

(i)

creditors in respect of a debt which is a moratorium debt or priority pre-moratorium debt within the meaning given by Article 148A;

(ii)

preferential creditors;

(iii)

unsecured creditors.”.

For paragraph (5) substitute—

“(5)

Paragraph (6) applies where the intended dividend is only for one or both of the following—

(a)

preferential creditors; or

(b)

creditors in respect of a debt which is a moratorium debt or priority pre-moratorium debt with the meaning given by Article 148A.”.

After paragraph (5) insert—

“(6)

Where this paragraph applies the administrator is only required to deliver a notice pursuant to paragraph (1) of this Rule to those creditors referred to in sub-paragraph (5)(a) and (b) for whom the dividend is intended and public advertisement of the intended dividend need only be done if the administrator thinks fit.”.