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PART 7WINDING UP BY THE COURT

CHAPTER 8The liquidator

Release of official receiver

7.70.—(1) The official receiver must, before giving notice to the Secretary of State under section 174(3) (that the winding up is for practical purposes complete), deliver notice of intention to do so to the creditors.

(2) The notice must be accompanied by a summary of the official receiver’s receipts and payments as liquidator.

(3) The summary of receipts and payments must also include a statement as to the amount paid to unsecured creditors under section 176A (prescribed part).

(4) When the Secretary of State has determined the date from which the official receiver’s release is to be effective, the Secretary of State must—

(a)notify the official receiver of the release; and

(b)deliver a notice of the release to the registrar of companies accompanied by the summary of the official receiver’s receipts and payments.