Bankruptcy Ordinance

(1)
Whenever the trustee has sufficient funds in hand for the purpose he shall,
                subject to the retention of such sums as may be necessary for the expenses of the
                bankruptcy, declare and distribute dividends among the creditors in respect of the
                bankruptcy debts which they have respectively proved.
(Replaced
76 of 1996 s. 43
)
(2)-(3)
(Repealed
76 of 1996 s. 43
)
(4)
Before declaring a dividend, the trustee shall cause notice of his intention to
                do so to be
                published
                by the specified means and shall also send reasonable notice
                thereof to each creditor mentioned in the bankrupt’s statement who has not proved
                his debt.
(5)
When the trustee has declared a dividend he shall cause to be
                published
                by the specified means and shall send to each creditor who has
                proved a notice showing the amount of the dividend and when and how it is payable.
(Amended
22 of 2023 s. 31
)
[cf. 1914 c. 59 s. 62 U.K.]