OpenLegislation

Rule 43 Amendment of Part 11I1

Northern Ireland

In Rule 11.12 (Preferential creditors)—

(1)

At the end of the heading insert “or creditors in respect of a debt which is a moratorium debt or priority pre-moratorium debt within the meaning given by Article 148A”.

(2)

For paragraph (2) substitute—

“(2)

Paragraph (3) applies where the intended dividend is only for one of both of the following—

(a)

preferential creditors, or

(b)

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

(3)

After paragraph (2) insert—

“(3)

Where this paragraph applies the responsible insolvency practitioner is only required to deliver a notice pursuant to paragraph (1) of Rule 11.02 to those creditors referred to in sub-paragraph (2)(a) or (b) to whom the dividend is intended.”.

Annotations

Commencement

I1

Rule 43 in operation at 13.3.2023, see rule 1