# The Insolvency (England and Wales) Rules 2016, Rule 14.37: Contents of last notice about dividend (administration, winding up and bankruptcy)


(1) This rule applies in an administration, winding up or bankruptcy.
(2) If the office-holder delivers notice to creditors that the office-holder is unable to declare any dividend or (as the case may be) any further dividend, the notice must contain a statement to the effect either—
(a) that no funds have been realised; or
(b) that the funds realised have already been distributed or used or allocated for paying the expenses of the insolvency proceedings.
(3) The information required by paragraph (2) may be included in a progress report.

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Source: https://www.legislation.gov.uk/uksi/2016/1024/rule/14.37 (the official version)
Page: https://openlegislation.uk/insolvency-england-and-wales-rules-2016/rule-14.37
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.