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.
2002—Instructions for Conservatory Measures
- Royal Bank of Canada—July 24, 2002
- La Financière Nationale Inc.—July 24, 2002
- Michael McCrory—July 24, 2002
- Samson Bélair Deloitte Touche Inc.—July 24, 2002
- Official Receiver—July 24, 2002