Withdrawal of the Directions to the Official Receiver—Hamilton
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.
RE: John Brock Hobbs, Hobbs and Company Inc. — Directions of the Office of the Superintendent of Bankruptcy pursuant to Section 14.03 of the Bankruptcy and Insolvency Act
Whereas the Bankruptcy and Insolvency Act (the Act) provides the Superintendent of Bankruptcy (the Superintendent) with the general power to supervise the administration of all estates and matters to which the Act applies;
Whereas John Brock Hobbs is the holder of an individual license as trustee in bankruptcy;
Whereas Hobbs and Company is the holder of a corporate trustee license;
Whereas Karl Bueckert, Senior Bankruptcy Analyst gave directions to the Official Receiver on , not to appoint John Brock Hobbs and Hobbs and Company to administer any new estates;
Whereas Karl Bueckert, senior Bankruptcy Analyst modified these directions of ;
Whereas Glenn Steiner, a person to whom the Superintendent delegated the Superintendent's powers specified in subsection 14.01(1) of the Act, replaced Karl Bueckert in relation to these matters effective ;
Whereas Glenn Steiner has reviewed the modified measures currently in effect issued on
Whereas I believe, based on the evidence I have reviewed, that the estates currently administered by the trustees do not need the protection afforded by the said directions;
Therefore, upon receipt of this document, the restricted filing directions issued on , are hereby withdrawn.
Signed at the City of Toronto Ontario this .
Senior Analyst, Disciplinary Affairs
- Date modified: