Rule 63 Amendment of Part 14 of the Insolvency Rules

Rule 14.35 (Notice of declaration of a dividend) is amended as follows.

In paragraph (1), after “paragraph (5)” insert “and (6)”.

For paragraph (5) substitute—

“(5)

Paragraph (6) applies where the office-holder declares a dividend which 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 within the meaning given by section 174A.”.

After paragraph (5) insert—

“(6)

Where this paragraph applies the notice under paragraph (1) need only be delivered to those creditors referred to in sub-paragraph (5)(a) or (b) (as the case may be) who have proved for their debts.”.