Merger with two or more corporate Licensed Insolvency Trustees


In accordance with Section 46 of Directive No. 13R6, Trustee Licensing, such a change requires the prior approval of the Superintendent of Bankruptcy. A written request for such approval must be submitted to the Licensing Section of OSB.
  1. Pre-approval of new corporate Licensed Insolvency Trustee (LIT) name
    1. Current names of corporate LIT licences:
    2. Proposed name: 
    3. which is (reference is made to Section 31 of the Directive):
      1. the name of one or more individual LIT
      2. a name derived from the name of an accounting firm
      3. a combination of a) and b)
      4. the name of the monitor appointed under CCAA between and .
    4. Requested by:
      1. name:
      2. firm:
      3. telephone/fax numbers:

  1. Once the name has been pre-approved
    Please provide the following information/documentation to the Licensing Section (reference is made to Sections 30 and 35-40 of the Directive):
    1. The original or a certified true copy of the certificate of amalgamation.
    2. The address of the head office and of every other office or place of business from which the corporate LIT intends to provide bankruptcy services.
    3. The name, residential address and occupation of each shareholder and each person having a direct or indirect proprietary interest in the corporation (including beneficial owner, where applicable).
    4. The number of shares (or proportion of total shares) and the classes of shares held by each shareholder in the corporation.
    5. A list indicating every LIT who is simultaneously a shareholder (or financial backer) of this corporation and of any another corporate LIT and all relevant details (i.e. names of those corporate LITs, and the district(s) in which they operate).
    6. The name, residential address and occupation of each director and of each officer of the corporation.
    7. The name and business address of every licensed LIT who will practice in an office or place of business of the corporate LIT.
    8. Evidence of insurance coverage (professional liability insurance and employee dishonesty (fidelity) insurance).
    9. A cheque for $300 made out to the order of the Receiver General of Canada.
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