Rule 14.29 Individual notices to creditors etc. of intended dividend or distributionC1
The office-holder must deliver a notice of the intention to make a distribution to creditors or declare a dividend—
to the creditors in an administration; and
to all creditors in a winding up or a bankruptcy who have not proved (including any creditors who are owed small debts and are not deemed under rule 14.3(3) to have proved as a result of a previous notice under rule 14.29).
Paragraph (2A) applies where the intended dividend is only for one or both of the following—
preferential creditors, or
creditors in respect of a debt which is a moratorium debt or a priority pre-moratorium debt within the meaning given by section 174A.
Where this paragraph applies the office-holder is only required to deliver the notice to those creditors referred to in sub-paragraph (2)(a) or (b) for whom the dividend is intended.
Where the office-holder intends to declare a dividend to unsecured creditors in an administration or winding-up the notice must also state the value of the prescribed part unless there is no prescribed part or the court has made an order under section 176A(5).
Annotations
Textual amendments
- F1
Rule 14.29(2) substituted (1.10.2021) by The Insolvency (England and Wales) (No.2) (Amendment) Rules 2021 (S.I. 2021/1028), rules 1, 62(2) (with rules 4, 5)
- F2
Rule 14.29(2A) inserted (1.10.2021) by The Insolvency (England and Wales) (No.2) (Amendment) Rules 2021 (S.I. 2021/1028), rules 1, 62(3) (with rules 4, 5)
Modifications
- C1
Rules 14.28-14.35 applied (with modifications) (19.3.2024) by The Water Industry (Special Administration) (England and Wales) Rules 2024 (S.I. 2024/229), rules 1, 5, 104-108, Sch. (with rule 2(2))