Douglas Jon Kovack
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.
2009—Amended Directions for Conservatory Measures
2008—Directions for Conservatory Measures
- Directions to the Royal Bank of Canada—November 28, 2008
- Directions to the Official Receiver—November 28, 2008
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