Section 176 - Final dividend.

Final dividend declaration requires trustee notice, claims cut off and distribution among proved creditors after expenses.

When the trustee has realised the estate, he must notify intention to declare a final dividend or that none will be declared, specifying a final date for proving claims; the Adjudicating Authority may postpone that date. After the final date the trustee must defray outstanding bankruptcy expenses from the estate and, if declaring a final dividend, distribute it among creditors who proved their debts. Any surplus after payment in full with interest and expenses belongs to the bankrupt. In partner bankruptcy, joint creditors do not receive dividends from separate property until separate creditors are paid in full.