Directions for Lifting Conservatory Measures to Canada Post Corporation—

Conservatory Measures

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.

Canada

In the matter of:
Sam Lévy and
Sam Lévy & Associés Inc.


Directions for Modified Conservatory Measures
(Section 14.03 of the Bankruptcy and Insolvency Act)


Whereas the Bankruptcy and Insolvency Act (the Act) provides the Superintendent of Bankruptcy (the Superintendent) with the general power to supervise the assets and affairs governed by the Act;

Whereas Sam Lévy (the Trustee) is the holder of an individual licence as trustee in bankruptcy;

Whereas Sam Lévy & Associés Inc. is the holder of a corporate licence as trustee in bankruptcy;

Whereas the trustee is the sole holder of a licence as trustee at Sam Lévy & Associés Inc.;

Whereas on April 16, 2012, I the undersigned, Robert Massé, to whom the Superintendent has delegated the powers of the Superintendent under paragraph 14.03(1) of the Act, gave instruction to take conservatory measures, in the case of Sam Lévy and Sam Lévy & Associés Inc., to Canada Post Corporation to forward to Maurice Roy, trustee, at 5 Place Ville Marie, 8th Floor, Montreal (Quebec) H3B 2G2, the mail addressed to Mr. Sam Levy and Sam Lévy & Associés Inc., at 276, rue St-Jacques, Suite 815 Montreal (Quebec) H2Y 1N3;

Whereas the files administered by Sam Lévy and Sam Lévy & Associés Inc. have been substituted to Lemieux Nolet Inc. by order of the Superior Court of Quebec rendered on June 8, 2012;

Whereas the Superintendent has delegated to me, under paragraph 14.01(2) of the Act, the powers conferred to him by paragraph 14.03(1) of the Act, in the circumstances described in paragraph 14.03(2) of the Act, and that a copy of the delegation of sections 14.01, 14.02 and 14.03 of the Act is attached hereto;

I, Robert Massé, in my capacity as delegate for the Superintendent, lift the conservatory measure instructions directed to the Canada Post Corporation on April 16, 2012.

Pursuant to paragraph 14.03(3) of the Act, these directions bind the Canada Post Corporation, which is required to comply.

Pursuant to the provisions of paragraph 14.03(4) of the Act, a person who complies with these directions is not liable for any actions taken solely to comply with them.

Signed in the city of Montreal in the Province of Quebec on October 31, 2012.

space to insert signature

Robert Massé
Assistant Superintendent, Trustee Compliance


This document has been reproduced as submitted by the delegate of the Superintendent of Bankruptcy.

Date modified: