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.
2012 – Directions for Conservatory Measures
- TD Canada Trust – March 8, 2012
- Canadian Imperial Bank of Commerce – March 8, 2012
- Abubakhar Khan – March 8, 2012
- Royal Bank of Canada – March 8, 2012
- Canada Post Corporation – January 9, 2012