585. Notice of intended dividend.

(iii)     Declaration and Payment of Dividend

585.     Notice of intended dividend.

The trustee must give notice of his intention to declare and distribute a dividend1. The trustee must deliver a notice of the intention to make a distribution to creditors or declare a dividend to all creditors2 in a bankruptcy who have not proved3. Where the intended dividend is only for preferential creditors4, the trustee is only required to deliver such a notice to the preferential creditors5.

A notice to creditors must contain the following:

  1.  

    (1)     a statement that the trustee intends to make a distribution to creditors or