Withdrawal of the Directions to the Official Receiver—Toronto

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Directions Withdrawn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: 416-973-7440

27 May 2005

TO: Official Receiver, Toronto Division Office

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 were imposed by me on you on 13 February 2004, as modified on 6 October 2004. Upon receipt by you of this letter by facsimile, these Directions are withdrawn.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

This document has been reproduced as submitted by the delegate of the Superintendent of Bankruptcy.
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