38. Notice of no dividend, or no further dividend
If the Office-holder delivers notice to creditors that the Office-holder is unable to declare any dividend or (as the case may be) any further dividend, the notice must contain a statement to the effect either —
(a) that no funds have been realised; or
(b) that the funds realised have already been distributed or used or allocated for defraying the expenses of the Insolvency Proceedings.