FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

"*" indicates required fields

Name*

Phone Number*

Email*

This field is hidden when viewing the form

What's the best time to contact you?*

Location*

What city do you live in?*

This field is hidden when viewing the form

Source

How can we help you?

Agreement*

I understand that Bankruptcy-Canada.ca does not provide debt relief services directly and agree to securely share this information with a local Licensed Insolvency Trustee (LIT) for a free, confidential consultation.

Comments

This field is for validation purposes and should be left unchanged.

Select Trustee By Province

inspectors

Why do they have Inspectors?
What to they do?

Thanks Kate

Posted from: New Brunswick

Share this post:

X (Twitter) Facebook LinkedIn Email

One Response to “inspectors”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

The Bankruptcy and Insolvency Act provides for inspectors so that the creditors can have a measure of administrative control. This control is exercised particularly at the first meeting of creditors, when the creditors:

* confirm the trustee’s appointment (or substitute another trustee);
* provide the trustee with directions; and
* appoint a board of inspectors.

The inspectors are appointed as representatives of all creditors and occupy positions of trust. They are expected to assist the trustee by virtue of their experience and are required to supervise certain aspects of the trustee’s administration.