Conservatory Measures
What is a conservatory measure?
The Superintendent of Bankruptcy puts in place conservatory measures when a bankruptcy or insolvency estate needs protection. It might be in cases of Licensed Insolvency Trustee (LIT) malfeasance or if serious wrongdoing on the part of a LIT puts estate files at risk. Conservatory measures may also be put in place if a LIT becomes ill or dies without a valid succession agreement. Finally, conservatory measures may be put in place if a LIT, for whatever reason, has allowed the administration of his or her practice to become substandard.
Directions Withdrawn
By Facsimile (705) 734-7949 – personal service will follow
BMO Bank of Montreal
6 Fred Grant Street
Barrie, Ontario L4M 3G6
Attention: The Manager
Dear Sir or Madam:
Re: Thomas J. Carleton / Carleton & Co. Inc. – Directions of the Office of the Superintendent of Bankruptcy pursuant to Section 14.03 of the Bankruptcy and Insolvency Act
Directions for Conservatory Measures with respect to the estate trust bank accounts of Thomas J. Carleton / T. Carleton & Co. Inc. were imposed by me on BMO Bank of Montreal, 6 Grant Street, Barrie, Ontario, on . Upon receipt by you of this letter by facsimile, these Directions are withdrawn.
Yours truly,
Francyne Hunter
Office of the Superintendent of Bankruptcy
1505 Barrington Street, 16th Floor
Halifax, N.S.
B3J 2V9