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 to the Official Receiver
2005—Withdrawal of Directions for Conservatory Measures
- Directions to Murray Ferron and Janet Russell Withdrawn—September 1, 2005
- Directions to Royal Bank of Canada, Airport and Stockdale Branch, Stockdale Road, North Bay, Ontario, and CIBC, Younge Street, North York, Ontario, Withdrawn—September 1, 2005