PART 5CLAIMS BY AND DISTRIBUTIONS TO CREDITORS
CHAPTER 3Distribution to creditors
Notice of no dividend, or no further dividend5.34
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.