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.
2011—Directions for the Removal of Conservatory Measures
2009—Amended Directions for Conservatory Measures
- Bank of Montreal, 1111 Davis Drive, Newmarket, Ontario, L3Y 8K3—October 8, 2009
- Royal Bank of Canada, 1181 Davis Drive, Newmarket, Ontario, L3Y 8R1—October 8, 2009
2007—Amended Directions for Conservatory Measures
2006—Directions for Conservatory Measures
- Bank of Montreal, 404, Town Centre, 1111 Davis Drive, Newmarket Ontario, L3Y 2R9—August 22, 2006
- Royal Bank of Canada, 1181 Davis Drive East, Newmarket, Ontario L3Y 7V1—August 22, 2006