January 4, 2021
With the continued uncertainty due to the pandemic, the Office of the Superintendent of Bankruptcy (OSB) will be extending the option to conduct remote service delivery of assessments. Until December 31, 2021, Licensed Insolvency Trustees (LITs) can continue to conduct assessments using methods other than in-person for those areas where they have an approved resident or non-resident office as per OSB records.
Early in 2021, the OSB will consult on potential amendments to relevant directives, with a view to implement them well before December 31, 2021. While allowing flexibility, the changes being contemplated would emphasize that debtors should have the choice between attending meetings with LITs in person or remotely and would seek to ensure that debtors’ service delivery needs continue to be met. The OSB will also consider whether an LIT should be required to have a resident or non-resident office in the location of the debtor.
Any questions should be sent via email to ic.osbregulatoryaffairs-affairesreglementairesbsf.ic@canada.ca.