Bankruptcy Step 8: Trustee prepares and submits report to OSB

• Introduction to bankruptcy in Canada
• Step 1 - Contact a trustee in bankruptcy
• Step 2 - Complete bankruptcy forms
• Step 3 - Trustee sells your assets
• Step 4 - Trustee notifies your creditors
• Step 5 - Creditors meetings if required...
• Step 6 - Examination by an officer of the OSB if required...
• Step 7 - You are required to attend two counselling sessions
• Step 8 - Trustee prepares your report to the OSB
• Step 9 - You attend a discharge hearing if required...
• Step 10 - You are discharged from bankruptcy
• The student loans hardship provision

The Trustee Prepares Report to OSB

Step 8: The trustee prepares a report to the OSB describing your actions during the bankruptcy.

In certain circumstances, the trustee prepares a report regarding your application for discharge. This report describes your financial situation and analyzes

• your financial affairs;
• the causes of the bankruptcy;
• the manner in which you performed your duties under the Bankruptcy and Insolvency Act (BIA);
• your conduct before and after the bankruptcy;
• whether you were convicted of any offence under the BIA (sections 198 to 208); and
• any other fact that could justify the Court refusing to your discharge.