Issued: August 8, 2022
(This Directive amends Directive No. 8R19 issued on July 27, 2021.)
- In this Directive,
“BIA” means the Bankruptcy and Insolvency Act;
“Licensed Insolvency Trustee” (LIT) means a trustee or licensed trustee, as defined in section 2 of the BIA and an administrator of consumer proposals as defined in section 66.11 of the BIA;
“OSB” means the Office of the Superintendent of Bankruptcy; and
“Rules” means the Bankruptcy and Insolvency General Rules made pursuant to subsection 209(1) of the BIA.
Authority and Purpose
- This Directive is issued pursuant to the authority of paragraphs 5(4)(b) and (c) of the BIA to prescribe the form and content of information the Superintendent requires to be provided by LITs, administrators of consumer proposals made under Division II of Part III and persons who provide counselling pursuant to this Act.
- This Directive makes it mandatory to use the Estate Information Summary to give effect to the Superintendent’s January 2022 decision to use the information on this form for statistical analysis, public policy research and program development to facilitate the carrying out of the purposes and provisions of the BIA and the Rules.
Coming into Force
The mandatory use of the Estate Information Summary comes into force on the date that this Directive is signed.
Superintendent of Bankruptcy