The Insolvency (Amendment) Rules (Northern Ireland) 2023

Amendment of Part 2

19.  In Rule 2.096 (Notice of proposed distribution)—

(1) In paragraph (1), after “he shall” insert “(subject to paragraphs (5) and (6));”.

(2) For paragraph 2(b) substitute—

“(b) state which of the following classes of creditor will be included in the distribution—

(i) creditors in respect of a debt which is a moratorium debt or priority pre-moratorium debt within the meaning given by Article 148A;

(ii) preferential creditors;

(iii) unsecured creditors.”.

(3) For paragraph (5) substitute—

“(5) Paragraph (6) applies where the intended dividend is only for one or both of the following—

(a) preferential creditors; or

(b) creditors in respect of a debt which is a moratorium debt or priority pre-moratorium debt with the meaning given by Article 148A.”.

(4) After paragraph (5) insert—

“(6) Where this paragraph applies the administrator is only required to deliver a notice pursuant to paragraph (1) of this Rule to those creditors referred to in sub-paragraph (5)(a) and (b) for whom the dividend is intended and public advertisement of the intended dividend need only be done if the administrator thinks fit.”.