Advice Needed!

[GafBoy]

Hi Guys!

I was just wondering if someone could give me some advice on a small matter.

What is a notice of intended dividends? I recently saw one such notice for a business acquaintance of mine in The London Gazzette. It's to do with when he was made Bankrupt in 1994 & the notice states that he’s since been discharged.

It's been 25 years since his bankruptcy why would they be printing it in 2019?

I hope someone can help.

Regards
Gafboy

 

[Simon Green]

Your business aquaintance May have something to be concerned with

 

[Gavin Bates]

Hi

Insolvency cases can last for many years but I have to admit 25 years is odd.

Anyway a notice of intended dividends is just that. The trustee has money to distribute to creditors and giving notice of the same so that creditors can make a claim if they wish.

Chances are some of the original creditors have disappeared / moved given the time periods involved

Regards

Gavin

 

[GafBoy]

Your business aquaintance May have something to be concerned with

Hi Simon,

Thanks for replying. I feel the same way.

Regards

 

[GafBoy]

Hi

Insolvency cases can last for many years but I have to admit 25 years is odd.

Anyway a notice of intended dividends is just that. The trustee has money to distribute to creditors and giving notice of the same so that creditors can make a claim if they wish.

Chances are some of the original creditors have disappeared / moved given the time periods involved

Regards

Gavin

Hi Gavin,

Thanks for replying.

I just feel that it's a little odd considering that his bankruptcy happened so long ago & it's a matter still being dealt with.

Regards
Gafboy

 

[Lisa Thomas]

25 years is very unusual but from time to time assets, eg old pension policies, are found which lead to dividends becoming available on old cases.