Interim dividend: trustee may declare and notify distribution while reserving for distant creditors, disputed claims and administration expenses. A bankruptcy trustee may declare and distribute an interim dividend when holding sufficient funds, must notify creditors of the dividend and proposed distribution method, and must make provision for distant creditors who may not have proved debts in time, for debts subject to undetermined claims, for disputed proofs and claims, and for expenses necessary to administer the bankrupt's estate.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Interim dividend: trustee may declare and notify distribution while reserving for distant creditors, disputed claims and administration expenses.
A bankruptcy trustee may declare and distribute an interim dividend when holding sufficient funds, must notify creditors of the dividend and proposed distribution method, and must make provision for distant creditors who may not have proved debts in time, for debts subject to undetermined claims, for disputed proofs and claims, and for expenses necessary to administer the bankrupt's estate.
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