PART 3Miscellaneous amendments of the Insolvency Rules

Amendment of Part 14 of the Insolvency Rules62

1

Rule 14.29 (individual notices to creditors etc. of intended dividend or distribution) is amended as follows.

2

For paragraph (2) substitute—

2

Paragraph (2A) 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 a priority pre-moratorium debt within the meaning given by section 174A.

3

After paragraph (2) insert—

2A

Where this paragraph applies the office-holder is only required to deliver the notice to those creditors referred to in sub-paragraph (2)(a) or (b) for whom the dividend is intended.