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Rule 11.1 PreliminaryI1

England and Wales

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

  • rule 4.54(5-CVL) substituted for rule 4.54(5) by Insolvency 2010 Sch. 1 para. 179(5)
(1)

The Rules in this Part relate to the declaration and payment of dividends in companies winding up and in bankruptcy.

(2)

The following definitions apply—

(a)

“the insolvent” means the company in liquidation or, as the case may be, the bankrupt; and

(b)

“creditors” means those creditors of the insolvent of whom the responsible insolvency practitioner is aware, or who are identified in the insolvent's statement of affairs.

F1(3)

For the purposes of this Part, a member State liquidator appointed in relation to an insolvent is deemed to be a creditor.

Annotations

Textual amendments

F1

Rule 11.1(3) inserted (31.5.2002) by The Insolvency (Amendment) Rules 2002 (S.I. 2002/1307), rules 1, 10(1) (with rule 3)

Commencement

I1

Rule 11.1 in force at 29.12.1986, see rule 0.1