PART 5 CLAIMS BY AND DISTRIBUTIONS TO CREDITORS

CHAPTER 3 Distribution to creditors

5.34 Notice of no dividend, or no further dividend
1 This rule applies where the housing administrator is unable to declare any dividend or (as the case may be) any further dividend.
2 In such a case, the housing administrator must deliver a notice, containing a statement to the effect that either—
(a) no funds have been realised; or
(b) the funds realised have already been distributed or used or allocated for paying the expenses of the housing administration.
3 The information required by paragraph (2) may be contained in a progress report.