July 6, 2022
Bill S-6 was tabled in the Senate on March 31, 2022, and proposes to amend the Bankruptcy and Insolvency Act as part of the Regulatory Modernization Initiative. Specifically, it is proposing changes to the requirement that the notice of an ordinary bankruptcy be published in a local newspaper. The Office of the Superintendent of Bankruptcy (OSB) is inviting stakeholders to contribute comments and suggestions to determine the method(s) by which the notice of bankruptcy should be published. Further details regarding Bill S-6 and potential publication methods can be found on the OSB website’s Open consultations page.
Feedback on potential suggestions will be critical in determining how the OSB can modernize the notice of bankruptcy publication requirement through new publication methods. The suggestions will be used to guide a directive that will prescribe bankruptcy publication requirements.
Please provide your feedback by August 19, 2022. Submissions are to be sent to OSB, Policy and Regulatory Affairs at osbregulatoryaffairs-affairesreglementairesbsf@ised-isde.gc.ca.