# The Insolvency Rules 1986, Rule 11.1: Preliminary

Extent: E+W

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

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Source: https://www.legislation.gov.uk/uksi/1986/1925/rule/11.1 (the official version)
Page: https://openlegislation.uk/insolvency-rules-1986/rule-11.1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.