Article 73 Notice of proposed distribution
Where the SMCL administrator is proposing to make a distribution to creditors or declare a dividend the SMCL administrator must give notice of the fact.
The notice given pursuant to paragraph (1) must—
be delivered to all creditors whose addresses are known to the SMCL administrator;
state whether the proposed distribution or dividend is—
to preferential creditors; or
preferential creditors and unsecured creditors;
state that it is the intention of the SMCL administrator to make a distribution to creditors or declare a dividend (as the case may be) within the period of two months from the last date for proving;
specify whether the proposed distribution or dividend is interim or final;
specify a date up to which proofs must be delivered being a date which—
is the same date for all creditors; and
is not less than 21 days from that of the notice;
specify the place to which proofs must be delivered;
include the additional information required by Rule 74 where the SMCL administrator intends to treat a small debt as proved for the purposes of paying a dividend; and
where the SMCL administrator proposes to declare a dividend to unsecured creditors, state the value of the prescribed part, except where the court has made an order under section 176A(5) of the 1986 Act.
Subject to paragraph (4)(b), a copy of the notice—
must be gazetted; and
may be advertised in such other manner as the SMCL administrator thinks fit.
Where the proposed dividend is only to preferential creditors—
the notice need only be delivered to those creditors in whose cases the SMCL administrator has reason to believe that their debts are preferential; and
the notice need only be gazetted if the SMCL administrator thinks fit.