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.
2007—Withdrawal of Directions for Conservatory Measures
- Scotiabank, Yonge Street, Toronto, Ontario—January 5, 2007
- TD Canada Trust, 100 Steeles Ave. W., Thornhill, Ontario—January 5, 2007
- Official Receiver—January 5, 2007
2005—Directions for Conservatory Measures
- Scotiabank, Yonge Street, Toronto, Ontario—July 18, 2005
- TD Canada Trust, 100 Steeles Ave. W., Thornhill, Ontario—July 18, 2005
- Official Receiver—July 18, 2005
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