Education administrator to provide information to creditors on opting-out
7.50.—(1) The education administrator must, in the first communication with a creditor, inform the creditor in writing that the creditor may elect to opt out of receiving further documents relating to the proceedings.
(2) The communication must contain—
(a)identification and contact details for the education administrator;
(b)a statement that the creditor has the right to elect to opt out of receiving further documents about the proceedings unless—
(i)the Act requires a document to be delivered to all creditors without expressly excluding opted-out creditors,
(ii)it is a notice relating to a change in the education administrator or the education administrator’s contact details, or
(iii)it is a notice of a dividend or proposed dividend or a notice which the court orders to be sent to all creditors or all creditors of a particular category to which the creditor belongs;
(c)a statement that opting-out will not affect the creditor’s entitlement to receive dividends should any be paid to creditors;
(d)a statement that unless these Rules provide to the contrary opting-out will not affect any right the creditor may have to vote in a decision procedure or a participate in a deemed consent procedure in the proceedings although the creditor will not receive notice of it;
(e)a statement that a creditor who opts out will be treated as having opted out in respect of any consecutive insolvency proceedings of a different kind in respect of the same further education body; and
(f)information about how the creditor may elect to be or cease to be an opted-out creditor.