Article 47 - Notice to creditors
(1) Within 14 days of the conclusion of a meeting of creditors to consider the
Administrator's proposals or revised proposals, the Administrator shall send notice of the result of the meeting (including, where appropriate, details of the proposals as approved) to every creditor who received notice of the meeting and to any other creditor of whom the Administrator has since become aware.
(2) Within 14 days of the end of every period of six months beginning with the date of approval of the
Administrator's proposals or revised proposals, the Administrator shall send to all creditors of the Company a report on the progress of the administration.
(3) On vacating office the
Administrator shall send to creditors a report on the administration up to that time. This does not apply where the administration is immediately followed by the Company going into Liquidation, nor when the Administrator is removed from office by the QFC Court or ceases to be qualified as an insolvency practitioner.